Declining oil production and uncertainty in the Alaska legislature could both adversely affect Nome Schools’ budget, its superintendent says.
The final fiscal year 2018 budget was drafted on the 11th, with the final approval from the board due by the end of the month.
During discussion of the third draft of the revised budget, Superintendent Shawn Arnold announced that the budget deficit had increased. “Without the youth facility, with the way the funding formulas work, it’s over $400,000 lost to our budget.”
Down 15 students from last year, Nome Public Schools will receive less money from the state’s enrollment funding.
Two resolutions are up for a vote tonight at the Nome City Council meeting – municipal funding for the Nome School District and a proposed increase in the 2016 mill rate.
The City Council will hold its first reading of the port proposal on Monday and finalize the budget by June 13.
Nome’s City Council discussed how to deal with declining revenue at its mid-day work session Thursday.
At a work session Thursday night, City Finance Director Julie Liew said port revenue is expected to increase by more than 12 percent next year.
The Board of Education for the Bering Strait School District made the decisions Tuesday at a regular meeting in Teller.
The school board unanimously approved the budget, which does not dip into fund balance or make cuts to staff.