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Former OMB director Wilbur briefs assembly members on 'color of money' and service-area boundaries
Summary
Lance Wilbur briefed the Anchorage Assembly Budget & Finance Committee on May 15 about types of municipal funding and how service-area boundaries determine who pays for which services.
Lance Wilbur, identified at the meeting as a former OMB director and currently the municipality's community and economic development director, led a classroom-style presentation May 15 that aimed to give assembly members practical guidance on "the color of the money" and how service-area boundaries affect who pays for municipal services.
Wilbur said there are three basic types of municipal budgets: general government operating budgets, capital budgets (primarily supported by bonds), and utilities/enterprise budgets (funded by user charges). He emphasized that funds from one type generally cannot be repurposed for another: "you can't use capital bond funds on operating things," he said, and utilities operate independently from tax-funded general government.
Wilbur walked…
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