Assembly gives direction on general fund deficit
June 18, 2020
In one of their final budget workshops for FY 2021, the borough assembly gave
guidance to city administration to do as much as they can to close Wrangell's general fund deficit. According
to the agenda packet for the June 10 meeting the FY 2021 general fund was facing a deficit of $801,451. However, city administration is
anticipating that roughly $350,000 in wages for the upcoming financial year will be eligible for reimbursement through the CARES Act, "due to time spent on COVID-19 by existing staff through
December." This would
bring the deficit down to $451,451.
"Because of a lack...