Assembly wants details after surplus becomes deficit

posted by Michael Ortega - 

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Anchorage's leaders have thought the municipality had a budget surplus, when in reality it's millions of dollars in the red.

The reason could be human error, according to discussion Tuesday evening of the emerging deficit at an Anchorage Assembly meeting.

Assembly member Suzanne LaFrance said it was originally believed that Anchorage had a $1.75 million surplus in its savings account, but it's actually a shortfall of $4 million to $6 million.

Assembly wants details after surplus becomes deficit

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