Assembly begins planning for CARES Act funding

The Petersburg Borough Assembly approved an ordinance in its third reading at a special meeting last week that creates a new special revenue fund for the first distribution of Coronavirus Aid, Relief, and Economic Security Act funding to the borough in the amount of $2,216,502.

The borough received the first distribution of CARES Act funding on May 1, with two more distributions expected on July 1 and on October 1. The borough will receive a total of $3,978,894 in CARES Act funding.

The third reading of ordinance #2020-18 was approved in a special meeting directly after their regular meeting l...