Borough fiscal budget passes in third reading


Data courtesy of the Petersburg Borough

The charts above shows the difference in revenues and expenditures for the fiscal year 2019 adopted budget and the fiscal year 2020 adopted budget within the general fund.

The borough assembly adopted the 2020 fiscal year operating budget in its third reading on Monday after making 11 amendments to it since the assembly received the proposed budget on April 1.

Expenditures in the general fund total $9,467,855, but is balanced out by $9,533,511 in revenues. The total amount of excess of revenues over expenditures is $65,656. The current 2019 fiscal year budget has a total of $9,466,759 in revenues and $9,446,352 in expenditures.

During the assembly meeting on Monday, the assembly made three last amendments to the budget. One amendment increased the millage rat...

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