ANCHORAGE (KTUU) - Anchorage property taxes are set to rise after the governor vetoed municipal school construction costs.
Gov. Mike Dunleavy announced a 50 percent reduction to school bond debt reimbursement Friday morning. As a result of that reduction, Anchorage Mayor Ethan Berkowitz said property taxes would need to rise to cover the shortfall.
"If the legislature does not override the Governor’s veto, Anchorage property owners will pay an additional $60 per $100,000 of assessed value," wrote the mayor on social media. "That means for a house worth $350,000, the homeowner will bear the burden of an additional $210 in property taxes."
When asked about school bond debt costs to municipal governments and the probability of raising local taxes, Dunelavy said that was a decision for local governments.
Nils Andreassen, the executive director of the Alaska Municipal League, wrote that the AML was disappointed at the school bond debt reimbursement reduction.
"Anchorage property taxes are set to rise after the governor vetoed municipal school construction costs," he wrote.
The line-item veto announced by the governor was part of $444 million cut from the operating budget for FY2020.
Copyright 2019 KTUU. All rights reserved.