A bond is a long-term tax
The Anchorage Assembly tonight is slated to vote on a list of about $60 million in bonds to appear on the April 6 election ballot for approval.
There is $3.6 million for trail and recreational facilities, $1.95 million for fire protection capital improvements, $5.3 million for safety and transit improvements, $8 million for capital improvement projects across Anchorage, $36 million for road and storm drainage capital improvements and $3.9 million for public safety improvements.
All that adds up to about $18.81 per $100,000 in assessed property value, or about a $56 property tax increase for the owner of a $300,000 property.
It all sounds good, but a bond is a long-term tax, something too many voters seem to forget at the polls.
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I need a new roof on my home. I wonder what my boss will say when I tell him how much increase in salary I’m getting.
Stop the voting fraud by mail scam
No offense intended AK the reason is simple
STUPIDITY
Why in the heck do we keep allowing for bonding for maintenance sometimes disguised as “improvements” when it should be part of the department(s) budget? 30 year loan/tax on property owners – both residential and commercial is insane.