Anchorage mayor presents budget utilizing reserves to cover projected deficit

Anchorage Mayor Suzanne LaFrance has introduced a municipal budget proposal that largely keeps local public services at their current operating levels while addressing a projected $15 million shortfall.

The administration plans to balance the deficit in part by applying approximately $12 million in one-time funding reserves. While the measure maintains flat funding across municipal departments for the upcoming cycle, LaFrance cautioned that the reliance on non-recurring revenue creates a potential fiscal cliff for the municipality in the following budget year.

The spending plan will go before the Anchorage Assembly for review and deliberation in the coming weeks.