Andy Ratliff
150:21 - 151:00
"the contracts we have, I think most of them have about 5% wage growth in them for next year. Uh, 5% across all of our budgeted items would be about $30 million in growth. Um, that coupled with about $14 million in one-time funds that we're spending this year currently, that's how we get to about the $45 million structural deficit that we're facing for FY28. So yeah, if we do, even if we do get the energy relief money, the $18 to $20 million, we still have, you know, $25 more million to go or so after that."
“the contracts we have, I think most of them have about 5% wage growth in them for next year. Uh, 5% across all of our budgeted items would be about $30 million in growth. Um, that coupled with about $14 million in one-time funds that we're spending this year currently, that's how we get to about the $45 million structural deficit that we're facing for FY28. So yeah, if we do, even if we do get the energy relief money, the $18 to $20 million, we still have, you know, $25 more million to go or so after that.”
- Speaker
- Andy Ratliff
- Timestamp
- 150:21 – 151:00
- Community
- Alaska News
- Location
- Anchorage
- Captured at
- July 7, 2026
From the transcript
Sure. So the, um, the contracts we have, I think most of them have about 5% wage growth in them for next year. Uh, 5% across all of our budgeted items would be about $30 million in growth. Um, that coupled with about $14 million in one-time funds that we're spending this year currently, that's how we get to about the $45 million structural deficit that we're facing for FY28. So yeah, if we do, even if we do get the energy relief money, the $18 to $20 million, we still have, you know, $25 more million to go or so after that.
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