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Borough facing shrinking tax base in FY 2017


Submitted Illustration

The above pie chart depicts the sources of general fund revenues

Petersburg Borough Finance Director Jody Tow presented the borough's FY 2017 budget proposal before the Petersburg Borough Assembly and members of the public.

On Tuesday, March 1 Tow went over several of the significant changes in expenditures and revenues this fiscal year.

"There are three threats that I see affecting the future of the general fund budget," Tow said. "It's the state funding cuts and possible federal funding cuts and the increase in the senior citizen population and how it's affecting our largest source of income, which is our local tax revenue."

In 2010, there were 181 se...

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