
Speaker B
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."
“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.”
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.
The Juneau Assembly voted Tuesday to terminate the Eaglecrest gondola revenue-sharing agreement with Goldbelt and appropriate $12.2 million to repay the corporation, ending a project deemed financially infeasible after cost overruns.

The Juneau Assembly heard testimony Tuesday from dozens of residents defending recreation facilities as the city grapples with a projected negative general fund balance at the end of fiscal year 2027, forcing difficult decisions on service cuts and potential tax increases.
