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OMB briefs Assembly on 1Q budget, says 1Q proposal is $480,000 under the tax cap
Summary
Onna Brows, OMB director, told the Assembly’s budget committee the administration plans an S-version of the 1Q budget after the Assembly work session, the 1Q proposal sits $480,000 under the municipal tax cap, and preliminary mill-rate calculations show a 0.35 reduction from 2024.
Onna Brows, director of the Office of Management and Budget, briefed the Assembly budget committee on the timeline and mechanics for the municipality’s first-quarter budget revisions and said the administration plans to present an “S-version” incorporating agreed changes after the Assembly’s amendment work session.
Brows told the committee that “Our work session for assembly amendments is scheduled tomorrow,” and that the administration will prepare an S-version that incorporates known changes to AWU budgets, Anchorage hydro budgets, and a few revenue and treasury appropriations. The administration intends to meet with the mayor after the Assembly work…
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