Tag: electric fund

Sitka’s budget hinges on Electric Fund

Sitka's deficit this year is significant - $4 million dollar - and a big portion of that is within the Electric Fund. But rather than bolster the Electric Fund with money from other places, the Sitka Assembly has begun to consider what it would mean for the fund to stand on its own. Read More

As electric rates rise 7%, Sitka Assembly explores other options

The Sitka Assembly is raising electric rates for the second time this year, by an average of 7% across the customer base. That will close the gap in the electric fund for FY17. But the relief is short-lived. To address future shortfalls, the Assembly wants to dip into other pockets in the city’s wallet before raising rates again. Read More
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