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Resident urges board to oppose Borough Code 704125, citing $11.4M clawback and Borough reserves
Summary
A North Pole resident told the board Borough Code 704125 penalizes the district by allowing the Borough to reclaim $11.4 million and contrasted the Borough’s reported $165 million fund balance with the district’s constrained education budgets; the board heard the concern during public comment.
During public comment on April 21, resident Ryan Hinton urged the Fairbanks North Star Borough School Board to continue opposing Borough Code 704125, which he said enabled an $11.4 million clawback from district education funds and effectively penalized the district for holding reserves.
Hinton told the board the Borough’s unrestricted fund balances total about…
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