https://juneau.zoom.us/j/93917915176 or 1-253-215-8782 Webinar ID: 939 1791 5176
Immediately followed by Assembly Finance Committee Meeting
We would like to acknowledge that the City and Borough of Juneau is on Tlingit land, and wish to honor the indigenous people of this land. For more than ten thousand years, Alaska Native people have been and continue to be integral to the well-being of our community. We are grateful to be in this place, a part of this community, and to honor the culture, traditions, and resilience of the Tlingit people. Gunalchéesh!
The public may participate in person or via Zoom webinar. Testimony time will be limited by the Mayor based on the number of participants. Members of the public that want to provide oral testimony via remote participation must notify the Municipal Clerk prior to 4pm the day of the meeting by calling 907-586-5278 and indicating the topic(s) upon which they wish to testify. For in-person participation at the meeting, a sign-up sheet will be made available at the back of the Chambers and advance sign-up is not required. Members of the public are encouraged to send their comments in advance of the meeting to BoroughAssembly@juneau.gov.
This ordinance appropriates $519,655,600 in expenditure authority for the City and Borough of Juneau's FY24 operating budget, excluding the School District. This ordinance appropriates all transfers between funds that support operations, debt service and capital projects as well as the associated expenditures within the funds themselves.
This ordinance also recognizes $492,395,600 of forecast revenue and transfers-in and decreases fund balances, across all funds, by $27,260,000 . The forecast revenue and draw from fund balance are sufficient to fund the budgeted expenditures. Budgeted expenditures and revenues will be reviewed in detail with the Finance Committee during the budget process in April and May.
The Charter requires that a public hearing be held on the FY24 operating budget by May 1, 2023, and the ordinance be adopted by June 15, 2023.
The City Manager recommends holding the charter required public hearing for this ordinance, followed by referral back to the Assembly Finance Committee for further review.
This ordinance will appropriate to the School District an FY24 operating budget of $96,317,000. This is an overall increase in the budget of $9,658,000 from the FY23 Amended Budget. The FY24 school budget is supported with a combination of funding sources including CBJ local funding of $33,050,800 and state and federal funding of $58,996,000. The local funding consists of $30,775,800 for general operations and $2,275,000 for programs and activities not subject to the state funding cap.
State statute requires the Assembly to determine the total amount of local educational funding support to be provided and provide notification of the support to the School Board within 30 days of the School District's budget submission. To meet this timing provision, it is necessary for the Assembly to determine the amount of funding and provide notice in the month of April. This amount cannot subsequently be reduced, unless the amount exceeds the State funding cap, but it can be increased. If the Assembly does not set the amount and furnish the School Board with notice within 30 days, the amount requested by the School District is automatically approved. By Charter, the Assembly is required to appropriate the School District's budget no later than May 31, 2023.
The City Manager recommends holding the charter required public hearing for this ordinance, followed by a motion to set the amount of local funding to be provided to the school district, and then referral of the ordinance back to the Assembly Finance Committee for additional review.
This ordinance establishes the mill rates for property taxes for 2023, which funds a significant portion of the City and Borough of Juneau’s FY24 operating budget. The Charter requires the Assembly to adopt, by ordinance, the tax levies necessary to fund the budget before June 15.
The mill levies presented in this ordinance support the Manager’s FY24 Revised Budget that will be reviewed by the Assembly Finance Committee (AFC). As part of the budget review process, the AFC reviews, amends and recommends to the Assembly the final mill levies.
For FY24, the operating mill rate is proposed to decrease 0.28 mills for a total proposed mill levy of 10.28 mills, the components of which are:
FY2024 Proposed Mill Rate
Areawide: 6.32 (a decrease of 0.28 from FY23 Adopted)
Roaded Service Area: 2.45 (flat from FY23 Adopted)
Fire Service Area: 0.34 (flat from FY23 Adopted)
Debt Service: 1.20 (flat from FY23 Adopted)
Total FY24 Proposed Mill Rate: 10.28 (a decrease of 0.28 from FY23 Adopted)
The City Manager recommends holding the charter required public hearing for this ordinance, followed by referral back to the Assembly Finance Committee for further review.
This resolution would adopt the Capital Improvement Program (CIP) for Fiscal Years 2024 through 2029, as required by Charter Section 9.4, and lists the capital projects that will be initially appropriated by ordinance in FY24.
The Public Works and Facilities Committee reviewed the preliminary CIP at its March 6, 2023 meeting and forwarded the plan to the Assembly.
The City Manager recommends holding the charter required public hearing for this resolution, followed by referral back to the Assembly Finance Committee for further review.
On or about May 4, 2023, CBJ is scheduled to sell approximately $6.4 million in general obligation bonds approved by voters in the October 4, 2022 municipal election.
The issuance of bonds was authorized by the Assembly in Ordinance 2023-13(b) adopted March 20, 2023. The final Assembly action, per CBJ Charter, related to these bonds is to "prescribe" (set/accept) by resolution the interest rates and annual principal maturity payment dollar amounts.
CBJ legal counsel, K&L Gates, has prepared Resolution 3026 to adopt the interest rates, via delegation to the City Manager, and set other final bond sale terms. Schedule A of the resolution lists the years and amounts when the bonds will mature and sets the maximum interest rates authorized. The aggregate interest cost for all the bonds is estimated to be near 3.83%.
The City Manager recommends the Assembly adopt this resolution.
ADA accommodations available upon request: Please contact the Clerk's office 36 hours prior to any meeting so arrangements can be made for closed captioning or sign language interpreter services depending on the meeting format. The Clerk's office telephone number is 586-5278, TDD 586-5351, e-mail: city.clerk@juneau.org.