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Ketchikan Gateway Borough adopts FY 2026 budget after corrections, uses reserves to close gaps
Summary
The Assembly adopted ordinance 2070 (as amended) on June 16, approving the FY 2026 borough budget while using about $3.64 million in general fund reserves and directing staff to correct errors in the printed budget book.
The Ketchikan Gateway Borough Assembly on June 16 adopted ordinance 2070 (as amended), approving the borough's FY 2026 budget and directing staff to correct errors in the published budget materials.
Assistant Borough Manager Cynna Smith told the Assembly the adopted budget proposes using $3,643,388 in general fund reserves: $1,187,391 to cover an operational deficit for the current year and $2,455,997 to finish pending capital projects. She said the FY 2026 ending general fund balance is estimated at $11,007,785 and the available fund balance after the minimum set by Resolution 29-35 is…
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