Anchorage is located in South Central Alaska. It lies slightly farther north than Oslo, Stockholm, Helsinki and St. Petersburg. It is northeast of the Alaska Peninsula, Kodiak Island, and Cook Inlet, due north of the Kenai Peninsula, northwest of Prince William Sound and Alaska Panhandle, and nearly due south of Mount McKinley/Denali. The city is on a strip of coastal lowland and extends up the lower alpine slopes of the Chugach Mountains. To the south is Turnagain Arm, a fjord that has some of the world's highest tides. Knik Arm, another tidal inlet, lies to the west and north. The Chugach Mountains on the east form a boundary to development, but not to the city limits, which encompass part of the wild alpine territory of Chugach State Park.
The Anchorage School District is staring down a $25 million shortfall in its budget for the coming year and with declining state revenues an all-too-familiar reality, this may not be a one-time issue. At the recent board meeting, discussions revealed that 600 or more positions may need to be cut over the next two years, including over 200 teaching positions. At the same time, construction has been going at a steady clip for the past year and should continue to do so. Currently, there are numerous hotels, office buildings and retail centers being built in and around Anchorage that continue to boost construction employment in the area.