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Sitka assembly begins FY2026 capital-plan work; staff outlines funding limits and sinking fund status
Summary
City staff presented a preliminary capital plan and explained that approved appropriations include multi‑year, phased projects rather than cash-on-hand. The public infrastructure sinking fund held roughly $4 million after a FY25 transfer; staff warned inflation and scope creep will drive future funding requests.
City staff presented an early draft of the Sitka City and Borough capital plan and told the assembly on Tuesday that the approved appropriation listing does not necessarily represent money available for immediate construction.
"Approved capital appropriations include projects that have been authorized through the annual budget or through supplemental appropriations," Brooke (staff) said, adding that those listings can reflect multi‑year phasing, grant matches and projects still in design. She pointed the assembly to…
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