0:50
Speaker B
51:07 - 51:57
"Likewise, the internal IT service fund incurred expenses that it hasn't recovered in real time. And in, in, in the municipality has paid all of its bills, but it is carrying these deficit positions that ultimately do need to be addressed."
“Likewise, the internal IT service fund incurred expenses that it hasn't recovered in real time. And in, in, in the municipality has paid all of its bills, but it is carrying these deficit positions that ultimately do need to be addressed.”
- Speaker
- Speaker B
- Timestamp
- 51:07 – 51:57
- Community
- Alaska News
- Captured at
- May 21, 2026
From the transcript
The workers' compensation general liability fund deficit is going to be reported, as soon as you have an accurate, at something like $16.6 million. So that means in the last several years we have accumulated this growing deficit that we suddenly stopped the bleeding on this, this year, where we are paying out claims for people who have hit light poles or gotten hit by workers who got— were hit by someone in the public, or who are out because they had a work-related injury. And we have not collected enough money to actually pay all that, so we're just eating into the cash cash pool. Likewise, the internal IT service fund incurred expenses that it hasn't recovered in real time. And in, in, in the municipality has paid all of its bills, but it is carrying these deficit positions that ultimately do need to be addressed.
Related Coverage
Anchorage faces $31M deficit across internal service funds
The Anchorage Assembly Budget and Finance Committee learned Thursday that the municipality has accumulated roughly $31 million in deficits across two internal service funds — $16.6 million in workers' compensation and general liability, and $14.7 million in information technology — with the administration promising a plan to retire most of the general government liability when the 2024 Annual Comprehensive Financial Report is released in June.
by Cale Green2h ago4 min readAnchorageAI
