19-02-2016 18:31 via alaskapublic.org

Nome’s port commission confronts near-empty bank account

Aerial view of Nome’s port. (Photo: Joy Baker/Nome Port Director)
Nome’s Port & Harbor finances are not looking good. The city’s Finance Director Julie Liew broke the news at the most recent Port Commission meeting.
The port’s net margin, or rainy day fund, dropped to just $32,000 at the end of last year. That’s down from a quarter of a million dollars two years ago.
This worries Commissioner Charlie Lean.
“It sets off red flags all over the place for
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