The Anchorage Assembly is set to vote on a proposal that would put a 3% sales tax before voters in a special election. This proposal aims to reduce property taxes and fund projects that enhance the quality of life in Anchorage.
If approved, two-thirds of the revenue collected would go towards reducing property taxes. The remaining third would fund voter-approved projects, such as improving public amenities and services. However, not all purchases would be subject to the tax. Groceries, rent, childcare costs, medical services, and gas would be exempt.
The proposal also includes a $2,500 limit on the amount that could be taxed or a $75 maximum tax per transaction. If voters pass the proposal, the tax would go into effect no earlier than July 2027.
Meanwhile, Assembly members will hear public testimony on the proposal. They will also consider 10 amendments, including one that would split revenues evenly between property tax reduction and trust for capital projects.
Additionally, the proposal requires approval from at least eight Assembly members. The special election is tentatively scheduled for September 2.
Furthermore, the proposal has been in the works for months. Various amendments and versions have been discussed. The Anchorage community is eagerly awaiting the outcome.
The Anchorage Assembly’s vote will determine the fate of the sales tax proposal. If approved, it would have a lasting impact on the city’s tax structure and quality of life, similar to the Anchorage Sales Tax Proposal.
News story originally punished by Alaska’s News Source.
