By James Brooks, Alaska BeaconSen. Click Bishop, R-Fairbanks, talks to an aide during a break in a Senate Finance Committee meeting on Sunday, May 12, 2024.
Alaska state law says the state is supposed to reimburse municipalities for the existing exemption, but that hasn’t happened in decades, and Alper referred to the reimbursement as a “dormant statute.”, from Rep. Julie Coulombe, R-Anchorage, surprised observers, even Coulombe herself.“Obviously, I’m not happy about it. It’s like a $200 million unfunded mandate to municipalities. It’s devastating in so many ways to local communities,” she said.
It would also be particularly hard on communities that do not have sales taxes and rely on property taxes, such as Anchorage.
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