Anchorage Announces Fiscal Surplus

As law-makers battle over budgets in the closing days of the Legislature, the city of Anchorage is announcing a fiscal surplus.

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In a press conference Wednesday, Mayor Dan Sullivan announced the city has seven million dollars left over from the last fiscal year. Some of those savings will be applied to property taxes for the year ahead, leading to a dip of about 0.1 percent in the mill-rate for home-owners.

The surplus will also go to funding police and fire academies, covering overages from the SAP software upgrade, and a pilot program focused on addiction treatment. Critics of the mayor’s administration have said it has reduced budget costs by putting off or eliminating critical spending on staffing and social services.