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Juneau finance staff reports FY25 surplus, assembly directs no broad FY26 service cuts
Summary
The Juneau City and Borough Finance Director, Miss Flick, told the Assembly Finance Committee on Nov. 5 that FY25 closed with substantially better results than projected, driven by larger-than-expected investment earnings and underspending across departments.
The Juneau City and Borough Finance Director, Miss Flick, told the Assembly Finance Committee on Nov. 5 that FY25 closed with substantially better results than projected, driven by larger-than-expected investment earnings and underspending across departments. "The big number on this page is the investment income, where we had $4,400,000 budgeted. We had $15,000,000 actual," Miss Flick said during the meeting.
The finance presentation showed general-government revenue near $71 million for FY25 and about $11 million in overall expenditure underspending. Personnel savings accounted for roughly $5.2 million of that underspend, and the presentation identified police, fire, transit, community development, finance…
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