In October, Haines residents will vote on a proposed $450,000 draw from the borough’s permanent fund to offset unexpected costs associated with school bond debt.
In past years, the state typically paid for 70% of municipal school bond debt with the municipality responsible for the other 30%. Last year, Gov. Mike Dunleavy reduced the state’s share of school bond debt payments to 35%. When drafting this year’s budget, borough staff had anticipated a repeat. The…