What is the total cost per year for the district’s bonds on $100,000 assessed property value?

If voters approve both school bond propositions, the total cost to retire the debt is $10.63 per year per $100,000 of assessed property value, after state reimbursement. If there were no state debt reimbursement, the cost to taxpayers would be $25.55 per year per $100,000 of the assessed property value. However, the Alaska Legislature has fully funded the debt reimbursement program every year since 1992.