The City and Borough of Juneau’s budget for Fiscal Year 2014 would be about 2.5 percent larger than a preliminary version approved last year under a proposal by the city administration.
The CBJ Assembly Finance Committee kicked off a series of hearings on the spending plan Wednesday with an overview by City Manager Kim Kiefer and Finance Director Bob Bartholomew.
Juneau has a biennial budget, meaning the framework for FY 14 – which starts in July – was approved along with this year’s budget a year ago. That plan called for total spending across all city departments at about $322.5 million.
The budget presented to the Finance Committee would total more than $330 million. It now includes more money for capital projects, after city voters approved a sales tax extension and bond package last fall.
The Capital City will see a nearly $1.8 million reduction in federal support, with the expiration of a timber subsidy. But the city will get an increase in revenue from the state, including an $800,000 boost for the Juneau School District’s retirement programs.
Over the next month and a half, the Finance Committee will hold meetings with each city department as well as nonprofits and other programs funded by the city.
The revised budget must be adopted by June 15th.
- Stuart DeWitt, Nick Davis and Joe Thompson were inducted into the Gold Medal Hall of Fame.
- On Saturday at the Juneau Lions Club 71st Annual Gold Medal Basketball Tournament, Lion Steve Brandner was chosen as the recipient of the Walter A. Soboleff Achievement Award, the tournament’s highest honor.
- Shutting down the oil platforms will allow Hilcorp to reduce the amount of natural gas flowing in the leaking pipeline.
- The co-chairmen of the House Finance Committee revised their plans to introduce an income tax to Alaska for the first time in nearly four decades.