Sales tax extension, bond proposition add to FY 14 budget

Juneau City Hall

Juneau City Hall (Photo by Heather Bryant/KTOO)

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.