http://racerealty.com/

Fairbanks projects $1.3m surplus in 2011

Posted: Sunday, October 31, 2010

FAIRBANKS - The city of Fairbanks is projecting a $1.3 million surplus in its latest budget in the first major executive action by new mayor Jerry Cleworth.

Cleworth was sworn in Tuesday after defeating incumbent Terry Strle in a close race earlier this month.

The city projects revenue at $32.3 million next year, mainly because of new housing at the U.S. Army post Fort Wainwright.

Cleworth also projects the city's expenditures to drop by $175,000.

Cleworth's budget would still require approval by the Fairbanks city council.

The budget must be approved by Dec. 15.

Cleworth says labor negotiations and wage increases could erode the surplus.



Related Searches

 MAYOR   USD   LABOR   JERRY CLEWORTH   TERRY STRLE   UNITED STATES ARMY   FORT WAINWRIGHT   FAIRBANKS 

CONTACT US

  • Switchboard: 907-586-3740
  • Circulation and Delivery: 907-523-2295
  • Newsroom Fax: 907-586-3028
  • Business Fax: 907-586-9097
  • Accounts Receivable: 907-523-2270
  • View the Staff Directory
  • or Send feedback

ADVERTISING

SUBSCRIBER SERVICES

SOCIAL NETWORKING