Anchorage Assembly Worksession - 120-Day Memo

The 2027 120-Day Memo provides a preliminary look at the Municipality of Anchorage's fiscal outlook, as required by AMC 6.10.040A. The document outlines revenue projections, noting a $7.8 million decrease in non-property tax revenue compared to the 2026 budget, largely due to the loss of one-time transfer funds. The preliminary tax limit for all taxes is set at $464.1 million, with a property tax limit of $381.7 million. Key administrative priorities highlighted include public safety enhancements, such as the restoration of 91 sworn APD officers and the hiring of 11 community safety officers. The memo also addresses the Anchorage School District's funding gap, which is currently estimated at approximately $6 million, and discusses the economic impacts of the JBER Fightertown Recapitalization, a $7 billion project expected to begin in summer 2027. The capital improvement program for 2027–2032 totals $867 million for general government projects and $315.9 million for utility and enterprise projects. The document also outlines the upcoming budget timeline, with the Mayor's formal budget proposal scheduled for delivery on October 2, 2026, followed by assembly deliberations throughout November.