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Assembly reviews general fund revenue projections, PILT, facilities fund, insurance and solid‑waste costs
Summary
Borough staff and the assembly reviewed proposed FY26 revenues and several funds, discussed federal PILT and refuge payments, potential changes to insurance after a proposed insurer merger, high facility fund withdrawals to date, and detailed budgets for the landfill and solid‑waste enterprise funds.
Borough finance and management staff led an extended review of the FY26 manager’s budget revenue assumptions and several special revenue and enterprise funds, including discussion of federal PILT and refuge payments, facilities fund balances, insurance cost uncertainty tied to a possible merger of insurers, and the landfill/solid‑waste budget.
Manager Amy and Finance Director Dora walked the assembly through line‑item revenues and assumptions. Key points included a manager’s estimate to draw $2,270,000 from property tax, $252,628 from personal property tax, and an expected $1,700,000 in federal PILT (payment in lieu of taxes). The packet listed an expected $180,000 in a National Wildlife Refuge shared revenue payment; staff explained that calculation is opaque and the payment typically posts in June.
On resource volatility, staff highlighted that fishery (sea product) severance tax receipts vary by season and that timber and mining receipts depend on specific shipments and market conditions. Staff said severance receipts are…
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