Juneau will loan school district $4.1 million to help cover deficit

 

March 13, 2024



A $9.7 million bailout package to ensure that the Juneau School District can cover a nearly $8 million deficit this year and help toward resolving a projected deficit of nearly $10 million next year was approved March 4 by the Juneau borough assembly.

The package, consisting of a loan and taking over some “non-instructional costs” from the school district, won final approval after several weeks of consideration by city and school leaders.

The Juneau assembly voted to provide the district with an interest-free loan of up to $4.1 million dollars, due within five years.

The district is not requir...



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