The City and Borough of Juneau took action to shore up the city's general fund Wednesday night. (File photo/Juneau Empire)

CBJ makes money moves

Changes preserve general fund balance

On Wednesday night, the City and Borough of Juneau’s Finance Committee took action to shore up the city’s financial picture by deferring about $2.5 million in debt service to 2023 and requiring the airport to use federal relief funds to cover its debt service.

Because the state decided to reimburse 42% of school bond debt–rather than the 50% CBJ expected — the debt service fund had a shortage. City officials planned to plug the shortfall with money from the general fund.

However, because of CBJ’s rapidly declining overall debt service, the city can lapse the fund and defer this payment to next year.

[City to consider ending tax on food]

According to Jeff Rogers, CBJ finance director, the move will allow the CBJ Assembly to keep the debt service mill rate flat at 1.20 into fiscal year 2023, which begins July 1. In addition, the move means that money from the general fund that would have been transferred to shore up the debt service fund can stay put and be used for other priorities.

The committee also agreed to instruct the Juneau International Airport board to pay general obligation debt with federal funds rather than use city money for the next two fiscal years. Rogers said that move will spare the city’s general fund about $1.3 million over that timeframe.

• Contact reporter Dana Zigmund at or 907-308-4891.

More in News

The Norwegian Cruise Line’s Norwegian Encore docks in Juneau in October, 2022. (Clarise Larson / Juneau Empire File)
Ships in Port for t​​he Week of Sept. 23

Here’s what to expect this week.

Visitors look at the Mendenhall Glacier near the Mendenhall Glacier Visitor Center in August. (Clarise Larson / Juneau Empire)
Shutdown disruptions would be widespread in Juneau

What the looming federal shutdown could mean for the capital city.

New signs were placed this week to accompany the 12 totem poles raised along Juneau’s downtown waterfront. (Clarise Larson / Juneau Empire)
New signs along downtown Totem Pole Trail explain significance of each piece

Details such as meaning of crests carved on totems, clans linked to artists at site and online.

This is a photo of the front page of the Juneau Empire on Sept. 21, 1995. (Clarise Larson / Juneau Empire)
Empire Archives: Juneau’s history for the week of Oct. 1

Three decades of capital city coverage.

Snow covers Mount Stroller White, a 5,112-foot peak beside Mendenhall Glacier, with Mount McGinnis seen to the left. (Photo by Laurie Craig)
Rooted in Community: Stroller White — a man and a mountain

One of the most frequently spoken names in Juneau is Stroller White.… Continue reading

A person departs Bartlett Regional Hospital on July 26, a day after a board of directors meeting raised issues about the hospital’s leadership and quality of care, with then-CEO David Keith resigning a week later. (Mark Sabbatini / Juneau Empire File)
New Bartlett CEO has lots of experience with mergers, transitions as hospital confronts struggles

Meanwhile former CEO still getting paid for post-resignation ‘transition’ despite leaving the state.

(Michael Penn / Juneau Empire File)
Police calls for Tuesday, Sept. 26, 2023

This report contains public information from law enforcement and public safety agencies.

Former Coppa Cafe co-owner Marc Wheeler and current owner Maddie Kombrink smile for a picture at the downtown cafe Wednesday morning. Last week the cafe celebrated its 10-year anniversary in Juneau. (Clarise Larson / Juneau Empire)
‘It’s a wonderful milestone’: Coppa Cafe celebrates a decade of service in Juneau

Ten years is just the beginning, says current and past owners.

Most Read