Anchorage Chamber Board Supports Local Bond Proposals
Municipal, school bonds get Chamber vote
The Anchorage Chamber of Commerce Board of Directors has passed resolutions supporting the municipal and school bond packages on the April 4municipal election ballot. Support for the bonds was approved at the board’s March 3 meeting.
The Chamber Board passed two separate resolutions; one in favor of the $46 million municipal bond package, and one in favor of the $58.5 million school bond package.
“You have to maintain your roads, schools, parks and trails, and continue to invest in public safety if you want to keep a city moving forward,” said Anchorage Chamber President Bruce Bustamante. “The Chamber Board recognizes that, even in tight fiscal times, these investments are critical to maintaining a strong economy and keeping Anchorage on a path for progress.”
The resolutions read, in part, “The Anchorage Chamber of Commerce recognizes that without continued investment, the city cannot continue to attract businesses and families who want to live and work in Anchorage.”
The Chamber Board, while urging support for the municipal bond package, cautioned city leaders in the future against bonding for an amount more than the amount of bond debt retired in the previous year. The municipality announced in December it was retiring $36 million in general purpose bonds; roughly $10 million less than what is being proposed in the April election.