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Assembly holds work session on options to refill Local Education Fund; PILT and sales-tax cap among ideas
Summary
Finance staff and assembly members discussed shifting revenue sources, indexing a sales-tax single-item cap, and other options to close an estimated $1.3 million gap in the Local Education Fund for FY26.
The Ketchikan Gateway Borough Assembly held a work session on Oct. 20 to consider options for restoring the Local Education Fund (LEF) after a shortfall tied to lower-than-expected secure-rural-schools and other revenue changes.
Context: Finance Director Charlene Thomas told the assembly the LEF dipped below the borough’s $2 million floor in FY25 after secure rural schools funding proved far lower than budgeted and the district applied large health-care accruals to its accounts. The assembly’s staff briefing estimated a near-term need of roughly $1.3 million to preserve the floor and cover the school district’s anticipated supplemental requests for FY26.
Revenue options…
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