
Speaker B
52:45 - 53:20
"I'm very hopeful that when we are able to show you the full ACWRA that we will actually have a plan to retire most all of that general government liability to those fund deficits, but I can't get there until I'm there."
“I'm very hopeful that when we are able to show you the full ACWRA that we will actually have a plan to retire most all of that general government liability to those fund deficits, but I can't get there until I'm there.”
I'm very hopeful that when we are able to show you the full ACWRA that we will actually have a plan to retire most all of that general government liability to those fund deficits, but I can't get there until I'm there. So a little bit of— setting the table and creating the anticipation. But for now, that's the magnitude of the challenge that we have. We've already instructed the enterprises and utilities to go to work in figuring out— helping us figure out their share of those deficits, and then they should be able to kick in to retire those as well. I will say that the workers' compensation general liability fund— what should its actual balance be?
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.
