Assembly Finance to receive gondola update and discuss funding opportunities during Saturday meeting

    Juneau, Alaska (KINY) - The Assembly Finance Committee meets Saturday.

    Members will receive an update on the Eaglecrest Gondola.  One time funding opportunities will also be discussed.

    In a memo from Manager Rorie Watt, members are told that they have the ability to allocate $20 million to $23 million of fund balance.  In addition, the one percent sales tax would net $55 million to $65 million if voters approve to extend another five years during this year's local election in October.  Watt also says the local government has the ability to incur $25 million to $50 million of debt without increasing the traditional debt mill levy.

    Watt also provides a laundry list of projects and programs for which the revenue could be used.

    The Finance Committee meeting gets underway at 9 a.m. Saturday.  Public testimony will not be taken.



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