128:31 - 129:36
“I'm looking at the, you know, item in our packet from our most recent Assembly Finance Committee that shows our unrestricted projected unrestricted balance of our general fund at almost negative $1 million at the end of fiscal year '27.”
- Speaker
- Unidentified speaker
- Timestamp
- 128:31 – 129:36
- Transcript
- May 18, 2026 Regular Assembly Meeting
- Community
- Alaska News
- Location
- Juneau
- Captured at
From the transcript
Well, um, so I'll speak to why I chose a restricted budget reserve. And first I'll say, you know, I don't really disagree with, you know, anything that Ms. Wall stated in her comments on her amendment. But really, I'm looking at the, you know, item in our packet from our most recent Assembly Finance Committee that shows our unrestricted projected unrestricted balance of our general fund at almost negative $1 million at the end of fiscal year '27. And I know we have a lot of decisions later this week that's going to change that, and I really hope we don't land with a negative balance at the end of our budget process. This isn't a, like, projection of pessimism there, but just looking at that, seeing that this is, you know, responding to an emergency, responding to a disaster, I think fits justification, and I think for just practical reasons, there's— there is no projected balance in the unrestricted budget reserve right now, and that will force more and harder decisions in our budget process.
Related Coverage
Juneau Assembly faces budget crisis with projected negative fund balance
Juneau faces $1 million budget shortfall by 2027 after tax cuts reduced revenue. • Assembly must cut services, close facilities, or raise property taxes before June 15 vote. • Residents pushed back Monday against closing recreation facilities like Eagle Crest. • City approved $12.2 million repayment for failed gondola project.
Juneau Assembly votes 8-1 to end gondola deal, repay Goldbelt $12.2M
Juneau Assembly votes 8-1 to end gondola deal with Goldbelt. • City must repay $12.2 million, including $10 million principal plus interest. • Rising costs made the project financially infeasible with public funds. • City can still explore future partnerships with Goldbelt or others.
