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Kodiak Island Borough adopts FY2026 budget, sets areawide mill rate at 8.91
Summary
After extended debate about MAFTAR and service priorities, the Kodiak Island Borough Assembly adopted the fiscal year 2026 budget and a 8.91 areawide mill rate, shifting limited funds among facilities, parks and nonprofit support.
The Kodiak Island Borough Assembly on June 5 adopted the fiscal year 2026 budget and set an areawide mill levy at 8.91 mills, voting 5-0 after amendments that shifted small amounts between parks, facilities and nonprofit funding.
The budget ordinance, presented by Borough Manager Amy Williams, was described as a ‘‘balanced budget’’ that keeps proposed expenditures within anticipated revenues. Williams told the assembly that the FY2026 budget is offered as a balanced budget and “the general fund in our budget stays the same” across mill rate scenarios while the amount placed into the facilities fund changes depending on the levy chosen.
The vote follows weeks of staff briefings and packet reviews. Williams outlined three mill-rate scenarios: 9.25 mills (which would place about…
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