UNALASKA (AP) -- City coffers are growing despite a slump in local fishing.
The latest fiscal report from the city shows city fish tax revenues have increased. Both the onshore and offshore fish tax revenues are up $500,000 compared to last year. That adds up to a total of $5.6 million in fish tax revenues -- $2 million more that the city projected when it crafted its budget.
Sales tax revenues also are surging. The city collected nearly $1.7 million in the first five months of the fiscal year, an increase of about $300,000 from the same time last year.
The city often is conservative with its budget projections to brace against a fisheries crash or new regulations, said John Voss, the city finance director.
The growth in tax revenues, however, comes as a surprise.
When the budget was drawn up, a $500,000 decrease was expected in both of the fish taxes that the city shares with the state. That deficit was erased by high fish prices in the past year.
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