Mayor Sullivan Announces First Quarter Budget
Mayor Dan Sullivan has completed the proposed revisions to the 2013 General Government Operating Budget including the projected tax levy for Anchorage citizens. The revised budget reflects the Mayor’s continued efforts to deliver high quality services while holding the line on property taxes. As a result, the overall impact to the average taxpayer is only a $1.00 increase per $100,000 assessed value of property, when compared to 2012 tax bills.
The operating budget is essentially flat compared with the original budget approved in December 2012. Areas most impacted include a reduction of personnel expenditures to align with updated salary and benefit forecasts and various accounting adjustments.
Some revenues are expected to increase; primarily auto tax and tobacco tax. These revenues result in a direct reduction in property taxes. Additionally the Mayor proposes to use 2012 fund balance to offset property taxes and to fund one time expenditures.
According to Mayor Sullivan “I am very pleased that my department directors have continued to identify and implement efficiencies throughout the municipality, resulting in savings to taxpayers and rate payers.”
The total Taxable Assessed Value within the Municipality of Anchorage experienced a 1.5% overall increase from 2012 continuing a 4 year trend of stability since 2009.
The Mayors budget has been submitted to the Assembly for final approval. The Assembly will have a work session to discuss the budget on April 12 at 11:00 a.m. and then vote on the budget and set the tax mill levy on April 23rd.
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