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.
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