Budget Process and Timeline
Every fall, OMB submits the mayor's budget to the Assembly, typically around the first of October (the legal requirement is 90-days before the end of the year). After that, the Assembly holds two worksessions in October to hear from municipal departments and the utilities and enterprises on their budgets and one worksession in November to discuss possible budget amendments. Public hearings on the budget are held in October and November and the budget is typically approved at the last Assembly meeting in November. From there, the budget is implimented by the Administration beginning January 1.
The process is repeated on a smaller scale each April in what is called the 1st Quarter Budget Revision. This gives the municipality a chance to see where the previous year’s revenue and expenses actually fell and make adjustments as needed, since the budget is based on projections from the previous fall.
All About Bond Propositions
Bonds are a way for a community to take on debt to invest in what voters value most. The Regular Municipal Election is an annual opportunity for proposed bonds, or bond propositions, to appear on the ballot in front of qualified registered voters.
Historically, bonds have paid for improvements to Anchorage schools, roads, parks, trails and public safety services. Departments and community organizations submit bond propositions to the Anchorage Assembly. After the Assembly hears public testimony on the bond propositions, the body considers whether or not the proposition will be added to the upcoming Municipal Election ballot.
Budget & Finance Committee
Guide to Testimony
Office of Management & Budget