The Kodiak City Council last night introduced its Fiscal Year 2013 budget, and it represents a seven percent reduction in spending over the current fiscal year. Even at that level, $1.5-million will have to be drawn from the city’s reserves, leaving it with about $2.5-million.
City Manager Aimee Kniaziowski said the budget this year is a "maintenance" budget, reflecting the increasing costs of doing business.
City Councilman Charlie Davidson praised the city’s staff for producing a budget with reductions, given the economic pressure they were under.
Total operating expenditures in the budget come to just more than $17-million, while the capital projects budget is $10.6-million.
A public hearing and final vote on the budget will come on June 21st.