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JUNEAU - Rough projections of the city's operating budget through 2014 show a revenue trough in 2011 that could lead to a $7 million budget deficit, though the upcoming 2010 budget year appears sound. City Finance Director Craig Duncan presented five-year budget projections last week to the Juneau Assembly Finance Committee. Assemblyman Merrill Sanford asked if the city should start cutting now as it plans for the 2010 budget year, in which a positive $1.5 million balance is forecast, to start making up for the possible 2011 deficit. The city's core annual operating budget is about $84 million.
Juneau may face $7 million deficit in 2011 031809 NEWS 4 Capital City Weekly JUNEAU - Rough projections of the city's operating budget through 2014 show a revenue trough in 2011 that could lead to a $7 million budget deficit, though the upcoming 2010 budget year appears sound. City Finance Director Craig Duncan presented five-year budget projections last week to the Juneau Assembly Finance Committee. Assemblyman Merrill Sanford asked if the city should start cutting now as it plans for the 2010 budget year, in which a positive $1.5 million balance is forecast, to start making up for the possible 2011 deficit. The city's core annual operating budget is about $84 million.
Wednesday, March 18, 2009

Story last updated at 3/18/2009 - 8:55 pm

Juneau may face $7 million deficit in 2011

JUNEAU - Rough projections of the city's operating budget through 2014 show a revenue trough in 2011 that could lead to a $7 million budget deficit, though the upcoming 2010 budget year appears sound. City Finance Director Craig Duncan presented five-year budget projections last week to the Juneau Assembly Finance Committee. Assemblyman Merrill Sanford asked if the city should start cutting now as it plans for the 2010 budget year, in which a positive $1.5 million balance is forecast, to start making up for the possible 2011 deficit. The city's core annual operating budget is about $84 million.


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