Borough Budget weighs deficit spending, school funding

The Petersburg Borough budget for the next fiscal year (FY25) is nearly decided.

Currently, the proposed general fund budget for FY25 anticipates total revenues amounting to $13,009,827 and expenditures of $13,408,975 - spending a deficit of nearly $400,000. This budget includes maximum funding for the Petersburg School District.

The borough finance department attributes the FY25 general fund budgeted deficit spending primarily to the school district funding increase request, however the increase in borough union contracts, health insurance cost increase, and inflation also play a factor.

The...