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.