2:56 → 3:07(11s)
The Juneau City and Borough Assembly Finance Committee received a FY25 financial wrap-up from finance staff showing higher-than-budgeted investment earnings and underspending that produced a larger-than-expected unrestricted fund balance. Staff warned that recent voter-approved tax changes will reduce recurring revenue starting in FY27, and the committee debated whether to use fund balance to avoid service cuts in FY26. The committee directed staff not to implement broad operating cuts for FY26, approved distributing remaining assembly grant funds (with a request that grantees advise if they do not need them), and paused work on the waterfront city museum project while directing public engagement and a focused review for FY27 budget choices.
