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Assembly holds first reading of FY2026 budget ordinance after extended reserve debate
Summary
The Skagway Municipality Assembly held the first reading of ordinance 25-13 to establish the FY2026 budget, hearing staff explain large insurance increases and a proposed $5 million port mitigation set‑aside; members debated reserve levels and possible cuts before approving first reading 6–0.
The Skagway Municipality Assembly held the introduction and first reading of ordinance 25-13 on Nov. 6, a comprehensive proposal to adopt the FY2026 municipal budget.
Manager Dietz summarized the package as built from departmental needs and noted several drivers pushing costs higher: property‑insurance premiums have risen sharply across municipal facilities (the manager described increases averaging about 45%), capital outlays for equipment were moved into operating lines for clearer accounting, and the port budget now reflects a $5,000,000 set‑aside for a rock‑slide…
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