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The Multistate Tax Commission (MTC) held its 55th Annual Meeting in Anchorage, Alaska from August 1st through the 4th. During the four-day event, the Audit, Litigation and Nexus.
Posted by Angela Denning | Dec 18, 2020
The Petersburg Borough’s sales tax revenue is down nine percent from last year. (Image courtesy of Jody Tow)
The Petersburg Borough has lost sales tax revenue this year due to the pandemic like many other municipalities across Alaska. As Angela Denning reports, a new program that collects sales tax from online vendors is helping to make up some of the difference.
Ideally, every community would see small increases in sales tax to meet inflation. But that didn’t happen this year. The Petersburg Borough is down nine percent in sales tax revenue as of mid-December. A nine percent loss equals about $242,000. It might not sound like a lot but for a small town, it is.