Proposed Petersburg borough budget relies on surplus from emergency funding
Posted by Joe Viechnicki | Apr 28, 2021
An aerial photo of Petersburg’s harbors and runway in 2011 (Photo courtesy of Cindi Lagoudakis)
The Petersburg borough is proposing a small increase in general fund spending for the upcoming year and would use surplus money to balance spending with revenues. Petersburg’s borough assembly got their first look at the proposed budget last week and will start its formal review in May.
Finance director Jody Tow outlined budget details expected for the fiscal year that starts in July. She explained to the assembly about the impact of federal emergency aid, especially 3.9 million dollars from the Coronavirus Aid Relief and Economic Security Act of 2020.