Petersburg Borough Finance Director Jody Tow refers to the FY2026 budget during an assembly meeting on June 2, 2025. She explains that the borough's enterprise funds land positively after accounting for capital improvements and depreciation.
Petersburg's borough assembly passed its overall budget for the next fiscal year on June 2. But the option to allocate a million dollars from the harbor reserves for a potential cruise dock project caused friction for the final vote.
The Petersburg Borough's general fund was nearly $400,000 in the red for the last fiscal year, but that's not the case this time. The borough's next budget is in the black, despite state and federal funding reductions and inflationary costs in all departments.
Assembly Member Jeigh Stanton Gregor thanked borough staff and the finance director for figuring out a ba...
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