School Bond Information, November
2, 2004 Election
Tax impact of bonds
Return to November 2004 bond page
 Proposition #1
Muldoon Area Middle School Construction
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Tax impact to retire bond debt
(20-year bond)
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Tax impact to pay for operations and maintenance
of added square footage
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Without state reimbursement
$20.87 per
year, per $100,000 of assessed property
value1
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$9.13 per year,
per $100,000 of assessed property value
This is a MOA tax cap increase. Does not receive
reimbursement from the state.
Pays for the cost of utilities, custodial,
maintenance, principals, etc. Does not pay
for teachers, as the teachers will come to
the new school from existing schools, just
like the students.
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With 60 percent state
reimbursement
$8.35 per year,
per $100,000 of assessed property value
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Proposition #2
School Renovations/Additions and Designs
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Tax impact to retire bond debt
(20-year bond)
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Tax impact to pay for operations & maintenance
of added square footage
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Without state reimbursement
$11.88 per
year, per $100,000 of assessed property
value1
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$0.47 per year,
per $100,000 of assessed property value
This is a MOA tax cap increase. Does not receive
reimbursement from the state.
Pays for the cost of utilities, custodial,
maintenance of added square footage at Service
High School.
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With 60 percent state
reimbursement
$4.54 per year,
per $100,000 of assessed property value
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| 1Voters will be asked to
approve full amount. Should the legislature fail to provide any
reimbursement funds in a given year, Anchorage property owners will
pay this amount. |
State Debt Reimbursement Plan
The state has provided various bond debt reimbursement
plans since 1976. Past practice is not a guarantee of
future performance, but a year-by-year
history of how much
of its debt reimbursement
obligation each year's legislature actually funded can
be found here.
 If you have comments or questions regarding these bonds, call 907-742-4153 or e-mail us using our Bond comment box
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