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Mayor warns of potential school budget shortfalls after district overspent prior year
Summary
In the mayor’s report the borough learned the local school district overspent FY24 by about $1.7 million; that shortfall and other factors could push additional costs into FY26, the mayor said, and the assembly discussed seeking state and federal support while urging the district to reduce spending.
The Ketchikan Gateway Borough mayor told the assembly on Jan. 21 that the borough has new information indicating the school district overspent fiscal year 2024 by roughly $1,700,000 and that approximately $1,100,000 of the district’s current-year budget has been used to cover last year’s overages.
“That will have an impact on the FY24–25 budget because of the cash flow issue it represents,” the mayor said, noting the borough made an emergency loan last year when the district ran short and that…
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