Land Trust Fund

 

What to do with the nearly $8 million dollars in the borough’s land trust fund was a central question this year as the borough budget was being put together. The mayor’s office wanted to use a portion to help fill the borough’s budget gap, but, the assembly wanted to see a fresh investment plan before the fund was used for general expenditures. That plan has been finalized, and will get a public hearing next week.

 


 

The stage continues to be set for a debate over the borough budget. Mayor Charlie Pierce introduced an ordinance recently that he says would balance the borough’s $4 milion budget gap and when the assembly meets in Seward next week, it will take up an amendment to that ordinance.