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.
“Things look promising — as best as they could,” said Superintendent Shawn Arnold. “As it is right now, education spending is fairly intact.”
The closure would save more than a million dollars outright, but some say it would come at the expense of kids who live in western Alaska.
With Alaska’s deficit nearing $4 billion, Foster says cuts are coming and they’ll have major repercussions for the Bering Strait Region.
Now valued at more than $50 billion, the annual PFD payout is based on an average of the interest earned on the fund’s past five years of investments.
An audit for 2013 finds the accounting practices for the city’s utility are sound, but operating at a loss that could lead to debt struggles down the road if changes aren’t made.
At the heart of Monday’s meeting with the Nome Joint Utility and City Council was a question: can NJUS use part of the $2.2 million credit line from the city to pay for fuel?
Cutting fluoridation to weekdays, and a possible rate hike, were just some of the proposals at Saturday’s meeting to trim the utility’s 2015 budget.
The city’s top priority is continuing with ongoing water and sewer upgrades, but even modest projects are uncertain in the face of a potential $3 billion deficit due to falling oil prices.