The City and Borough of Juneau Assembly adopted the budget during a Regular Assembly Meeting June 3. The final approval followed several weeks of budget work by the Assembly Finance Committee.
The budget includes the operating budget (both general government and enterprise organizations), capital improvement projects, the property tax mill levy rate, and the previously adopted Juneau School District general operating budget. General government includes most CBJ departments, like Juneau Police Department, Capital City Fire/Rescue, Parks & Recreation, Engineering, Community Development and the Libraries. Enterprise organizations are Bartlett Regional Hospital, Juneau International Airport, Docks & Harbors, and Water & Sewer.
The Assembly adopted an overall citywide budget of $357 million, which is up $1.5 million from FY19. The major components of the budget are:
- $87.2 million for the Juneau School District, remaining flat over FY19 budget The Assembly already adopted this component of the budget at its May 13 Regular Meeting.
- $136.9 million for Enterprise Funds (hospital, airport, water utilities, and Docks & Harbors).
- $75.4 million for general government, an increase of $0.1 million (0.1 percent) over the FY19 budget. The total is $0.6 million above projected revenues and requires the use of savings. CBJ has adequate savings; prior to this FY20 draw, the Available Fund Balance (savings) is at $16 million.
- $37.4 million for initial capital improvement projects. Additional appropriations will be made throughout the year as funding gets committed. CBJ annually spends around $60 million on projects.
- $16.7 million for the bond debt service budget, which is down $1.3 million due to school bonds being fully paid during FY19.
The property tax mill levy rate is 10.66 – overall, the same as last year. The breakdown of the total mill levy are: 9.46 mills for the operating budget, an increase of 0.1 mills over FY19, and 1.2 mills for debt service, a decrease of 0.1 mills over FY19. CBJ is projecting to collect $51.5 million in property tax revenues, which is a $0.6 million (1.2 percent) increase to help fund education and general government programs. The debt service mill rate is projected to raise $5.9 million to pay debt service, which is a decrease of $0.5 million.