Weighty financial matters on Assembly Finance agenda

    Juneau, Alaska (KINY) - The Assembly Finance Committee takes up several matters during its meeting Wednesday, including funding that will be available for large capital projects like a new City Hall or the Capital City Center.

    Three ordinances due for consideration at Monday night’s regular meeting will be discussed.

    One appropriates $2 Million from the general fund for the Capital Civic Center project.

    Another calls for $2.5 Million in general funds to cover increased costs for repairs to the Augustus Brown swimming pool.  Manager Rorie Watt is recommending that the renovation project be delayed because of increased costs due to inflation, supply chain problems, and the current lack of competition to do the work.

    The other ordinance up for action Monday earmarks a half-million dollars in general funds for the second phase of the Centennial Hall Renovation project.  The appropriation will cover increased costs due to inflation and supply chain issues.

    The exemption granted in 2008 for cost of power adjustments on electrical power from sales tax is up for discussion.

    The manager says in his report that the exemption was supposed to be temporary but has inadvertently remained in the sales tax code.  An ordinance up for action Monday would repeal the exemption.

    The exemption was granted following the massive avalanche in 2008 that damaged hydroelectric lines from Snettisham which resulted in dramatic increases for electricity.

    Members will take up the compensation for workers at the Eaglecrest Ski Area.

    The meeting is scheduled to convene at 6 p.m.

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