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Administration narrows 2026 bond package, removes state funds from capital projections

Municipality of Anchorage Assembly
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

OMB told the Assembly it removed state funding assumptions from the 2026 capital budget after conversations with legislators, presenting a smaller bond ask and putting district-level additions to the bond list to the Assembly for consideration.

Office of Management and Budget Director Brass told the Anchorage Assembly that the capital budget presentation for 2026 intentionally omits state funding projections after legislative conversations led the administration to conclude state capital support is unlikely. "There is no money for Anchorage, and we should not expect any, so we aren't," Director Brass said on the record.

That change reshapes the capital revenue picture the administration presented: the…

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