Borough fish tax coffers are expected to take a hit next year.
OBI Seafoods announced it will suspend its cannery operations at its Excursion Inlet plant this summer and centralize production at its Petersburg plant.
The borough averaged $231,000 in raw fish tax revenues during the past five years—taxes on fish processors shared by the state with communities where fish are landed. Last summer, the low price of fish and poor returns yielded an estimated…
