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ACE fund board and administration clash over using marijuana‑tax funds for ASD pre‑K; fund balance draws scrutiny
Summary
The ACE fund’s FY26 budget includes program increases and shifts while board representatives said they were disappointed the mayor’s office proposed using marijuana‑tax resources to cover $2 million in Anchorage School District pre‑K funding.
Assembly and ACE Fund representatives discussed the FY26 ACE fund (alcohol and marijuana tax) allocations and whether to use marijuana‑tax fund balance to support Anchorage School District pre‑K classrooms.
Staff overviewed the FY26 ACE fund roll: the board’s prior budget omitted a $2 million allocation for Anchorage School District (ASD) pre‑K that the mayor’s office proposed to fund from the marijuana‑tax side of the ACE fund. The board chair and executive director told the assembly they prepared an alternative budget that preserved more program spending and did not include the ASD allocation; they…
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