Despite budget woes at the statewide level and oil companies cutting back with the decrease in oil production, the City of Valdez budget is healthy and City Administration is continuing to hire employees and increase spending. The City Budget is funded by local property tax. Payments from the oil industry comprise the lions share of the local government budget.
The Valdez interim City Manager proposed, and the City Council approved, additional staffing for the City of Valdez less than a year ago and now current City Manager Dennis Ragsdale is proposing to add positions to the management team at the