Should taxpayers take on more than $8 million in debt to improve parking lots, golf courses, parks and libraries?
That’s the question Anchorage voters will answer at the polls on April 1 when they decide on nine propositions asking taxpayers for a total of $32.7 million. That would be in addition to the city’s $441.7 million in existing debt.
Two propositions will ask voters to focus $8.55 million toward public facilities and parks.
Prop 3 asks taxpayers to take on $5.55 million in debt to improve public facilities like libraries, sport complexes, and the Anchorage Golf Course.
Under the proposition, the Loussac Library would get $2.75 million to reconstruct the library’s front entrance, install an interior book drop, and pay for other renovations.
The Anchorage Golf Course would get half a million dollars to keep the facilities up to code. Another $1.75 million would go toward Chester Creek sports complex parking lot expansion and the Mulcahy Stadium Relocation.
The bond also allocates $550,000 for security upgrades at City Hall and other public facilities.
In all, passing Prop 3 could see taxes rise just shy of $2.00 for every $100,000 worth of property in the city, with about 30 percent of those costs continuing for operation and maintenance down the road.
A separate bond aims at improving parks and other recreation areas with another bond, Prop 4, for another $2.55 million.
The money would give Valley of the Moon Park an enclosed off-leash area for dogs, and Campbell Creek and Chester Creek trails would get resurfaced. Kincaid Park would get upgrades for persons with disabilities, convert lighting from fluorescent into more efficient LED bulb, and expand the parking lots.
Prop 4 would add about $1.30 for every $100,000 of assessed property value. Just shy of half would go toward ongoing operation and maintenance costs.
If Prop 3 and 4 are approved, it could add a total of about $3.30 to property taxes.
If all $32.7 million in bonds is approved, taxpayers could see a total of $9.34 added to their tax bill for every $100,000 in taxed property.