Borough assembly approves FY 2020 proposed budget in first reading
May 16, 2019
The Petersburg Borough Assembly passed an ordinance adopting the borough's fiscal year 2020 operating budget after making several amendments to it at an assembly meeting last week.
The proposed budget was first presented to the assembly in mid-April. Expenditures in the general fund total $9,567,149 for the 2020 budget, but it is balanced out by $9,571,545 in revenues. The total amount of excess of revenues over expenditures is $4,396. The current 2019 fiscal year budget has a total of $9,466,759 in revenues and $9,446,352 in expenditures.
At the beginning of the discussion last week, asse...