Assembly sees proposed 2013-14 budget with department heads

The Petersburg Borough Assembly met with department heads Monday afternoon in a work session to discuss the proposed 2013-14 fiscal budget.

“For the 2013-14 budget, the general fund is presented to the Petersburg Borough Assembly as a balanced budget,” Petersburg Borough Finance Director Jody Tow stated. “Property tax revenue is budgeted to increase due to the new library bond and the proposed budget does not include any increase to the base tax rate of the borough.”

Tow also explained that the borough is expecting to receive an additional $193,978 in state revenue sharing in this budget. In a...