NOTN- The City and Borough of Juneau Assembly will hold a public hearing tomorrow on its proposed fiscal year 2027 budget, including property taxes, school funding, a multi-year capital improvement plan, Eaglecrest and the Gondola Project.
The special Assembly meeting is scheduled for 5:30 p.m. and it will be followed by the Assembly Finance Committee. Residents may testify in person or via Zoom.
At the hearing, Assembly members will take testimony on several key ordinances, including a measure setting the 2026 property tax rate to fund the FY27 budget.
According to the agenda, officials will also consider a $551.2 million operating budget for city and borough services, along with a separate $97.2 million budget for the Juneau School District.
In addition, the Assembly will review a resolution adopting the city’s capital improvement program for fiscal years 2027 through 2032, which outlines infrastructure priorities and planned project spending.
Another resolution would set aside up to $2.3 million from the city’s restricted budget reserve to cover an anticipated operating deficit at Eaglecrest Ski Area.
Separately, the Assembly is expected to introduce an ordinance to begin terminating a revenue-sharing agreement with Goldbelt Inc. tied to the proposed gondola project at Eaglecrest. City officials say the project is no longer financially feasible after cost estimates rose to more than $37 million, up from initial projections of about $10 million.
This is still up in the air, but under this agreement Juneau would be required to repay Goldbelt’s $10 million investment plus interest if the deal is terminated. Repayment would include general funds and previously allocated project money.
