Most people, businesses and governmental organizations have debt, and the City and Borough of Juneau is no different. All year long, city staff and the Assembly do the same thing that you do at home – look at income, savings, debt and assets, and dream about the future.

Currently, CBJ has $88 million in debt from General Obligation Bonds. This kind of debt is paid off by general government taxes (CBJ also has $61 million in revenue bonds, which are paid back through user fees). Eighty-eight million dollars sounds like a large number, but (more…)