Revenue

2012 Approved Budget Revenue Details

The Mayor is required to propose a balanced budget because the Charter prohibits the city from incurring debt without voter approval.  As a result, the budget identifies $452.3 million in revenue from six major sources.  Of this, $245 million (55%) is from property taxes. 

2012 Approved General Government Operating Budget

When the Administration started working in July on its proposed budget for 2012, it once again face a challenge. Just as in the last two years, a continuation budget to fund the same level of service in 2012 was projected to increase $19.5 million.

Diversify with a sales tax

Mayor Sullivan I am a new resident of Anchorage been here for little over a year. I love the area. But I have one nagging question why doesn't the city have a sales tax.

Preliminary 2012 Budget Information

Anchorage Municipal Code 6.10.040 (A) requires the Administration to provide preliminary information regarding the 2012 budget for general government, utilities, and enterprises at least 120-days prior to the end of the fiscal year.

State of the City 2011

It is a long-standing tradition for the Mayor to present an annual State of the City address to the Anchorage Chamber of Commerce. Mayor Sullivan delivered his address on Monday, September 19. Topics included the overall fiscal health of the city, as well as improvements in public safety, street and parks maintenance, and modernization of the city’s services. The presentation also included plans for development, the Mayor’s Education Summit and GIFT Anchorage, a charitable giving program.

 

Billboards As Revenue Source

I am in favor of Bill Boards on the highway which businesses could "rent" or pay usage permit fees to construct and maintain.

Donate To City Services

Want to make a voluntary contribution to support a city service beyond what you pay in property taxes?

How to Read Your Tax Bill

Navigating your property tax bill can be confusing. What do the various sections mean? Take a look at the explanation, below, for a clear description of what the numbers mean. 

What is the Tax Cap?

The Tax Cap: A Voter-Mandated Limit on Taxes In October 1983, Anchorage voters approved an amendment to the City Charter known as the Tax Cap.  While some think of it as a property Tax Cap, it actually sets a limit on how much all taxes, regardless of sources, can increase from one year to the next.  Other taxes subject to the Tax Cap are: automobile registration, tobacco, aircraft registration, and motor vehicle rental.

How Are Property Taxes Calculated?

Property Taxes levied in Anchorage are approved by the Assembly.

A property tax is an ad valorem tax, which means it is based on the value of the taxable property.   Taxpayers pay a flat rate per dollar value of taxable property that they own. The flat rate, called a mill levy or mill rate, is $1.00 of tax per $1,000 of assessed value.

Pages

Subscribe to RSS - Revenue