Assembly approves PILT payoff, other business
by Erik LeDuc
The aftereffects of Petersburg incorporating as a borough continue to shake out, with the neighboring City of Kupreanof catching peripheral issues.
“Because of the formation of the Borough of Petersburg, the City of Kupreanof no longer receives (Payment In Lieu of Taxes) funding,” Mayor Mark Jensen said. “The city has asked the borough to distribute the equivalent of what they would have received in PILT funds had the borough not been formed.”
While no assembly member contested the amount of the payment, $4,438, there were some concer...
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