City officials are one step closer to solving this year’s budget deficit after a city finance committee meeting Thursday evening.
The City and Borough of Juneau is facing a roughly $4.8 million dollar deficit during the current fiscal year because of budget cuts at the state level.
In an effort to fix the deficit before the fiscal year ends in June, the committee agreed to use the part of the city’s sales tax revenue, deferred maintenance funds, budget reserves and savings.
But these funds won’t help the school district’s current deficit.
The district is short $450,000, because of cuts in school transportation and the per-pupil-formula funding it receives from the state.
The finance committee decided to delay any decisions on the district’s budget until enrollment numbers are finalized in late October. If the school’s high enrollment trends stick, then it may be able to cover the deficit.
Any proposed solutions will still need to be approved by the Juneau Assembly.
The finance committee will meet again on Nov. 9.
