
Anna Brawley
57:27 - 57:58
"as we look at these big long-term funds, it's kind of like a bathtub. You got to think about how much you're filling it up, how much is draining out, and ideally you're keeping the bathwater in there enough that it can cover those costs. And so our, the moves we have are infusion of cash to kind of close that deficit all at once, or as we said, tax levy, or, or really in the BSSA's case, just building more stuff or having the community build more stuff."
“as we look at these big long-term funds, it's kind of like a bathtub. You got to think about how much you're filling it up, how much is draining out, and ideally you're keeping the bathwater in there enough that it can cover those costs. And so our, the moves we have are infusion of cash to kind of close that deficit all at once, or as we said, tax levy, or, or really in the BSSA's case, just building more stuff or having the community build more stuff.”
And yeah, this is a preview of a bigger conversation, so I appreciate the work. And then I would just offer, as we look at these big long-term funds, it's kind of like a bathtub. You got to think about how much you're filling it up, how much is draining out, and ideally you're keeping the bathwater in there enough that it can cover those costs. And so our, the moves we have are infusion of cash to kind of close that deficit all at once, or as we said, tax levy, or, or really in the BSSA's case, just building more stuff or having the community build more stuff. So, so thanks very much.
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.
