OPINION: It’s time to consider a new Permanent Fund — one just for education

Updated: 2 minutes agoThe Alaska State Capitol building, photographed on Wednesday, Jan. 18, 2023 in Juneau.

Most Anchorage residents do not want to pay $5,000-$8,000 per year after they retire for property taxes. The Assembly is effectively forcing seniors out of their homes due to taxes being so high. Property taxes pay for services that are largely essential, especially the 45% that goes to the Anchorage School District. The school budget is almost $900 million, which works out to about $17,000 per student.

The main source of municipal revenue for Anchorage is property taxes. The school district and Assembly have become relentless in floating school bonds nearly every single year. Bonds passed by the school district are paid back over 20 years and result in direct tax to current property owners, their children and eventually their grandchildren.

Education Education Latest News, Education Education Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alaska lawmakers settle on roughly $1,650 Permanent Fund dividend, energy relief amountThe budget also includes $175 million in one-time funding for public schools, roughly equivalent to $680 in base per-student funding.
Source: KTOOpubmedia - 🏆 439. / 53 Read more »

Alaska lawmakers settle on roughly $1,650 Permanent Fund dividend, energy relief amountThe budget also includes $175 million in one-time funding for public schools, roughly equivalent to $680 in base per-student funding.
Source: AKpublicnews - 🏆 387. / 55 Read more »