Petersburg’s borough assembly will decide if the borough can issue bonds to fund improvements to its public school facilities during their meeting on Jan. 21.
Approving the bonds would let the borough take on up to $3.5 million in debt — which it would repay through property tax increases. Property owners within the borough could see their annual taxes rise by about $62 dollars per $100 thousand dollars of assessed property value until the bonds are repaid.
Proceeds from the bonds would finance major maintenance and improvement projects for Petersburg’s school district, including security upgrades and roof repairs. The school’s maintenance department previously reported leaks in the auditorium and holes on the roof with more areas deteriorating from age and weather-damage.
While the state will pay for roughly two-thirds of the roof project, the remaining nearly $1.5 million would be funded through the proposed bonds. The money would also be used to electrify security doors to automatically lock and remodel the high school office for visibility.
The bond issuance was already approved by Petersburg voters during the local election in October 2024. Assembly members have unanimously approved the bond authorization ordinance twice since then, and they are expected to take the third and final vote on it at their next meeting.
The Petersburg Borough Assembly will meet Jan. 21 at 6:00 p.m. in the assembly chambers. KFSK will broadcast that meeting live and post the recording in our Borough Assembly Archive.
Editor’s note, Jan. 22, 2025: The Petersburg Borough Assembly passed the bond ordinance in its third and final reading without discussion on Jan. 21, voting unanimously in favor, 7–0.
