The Municipality of Anchorage (MOA) cannot incur general obligation "general purpose" debt without voter approval. The "general purpose" bonds before voters this April, if approved, will provide funds to invest in the infrastructure of our city and meet some core responsibilities such as road improvements and public safety.
The proceeds from sale of the bonds will be used to pay for capital improvements, such as roads, park improvements, public transportation improvements, safety improvements and ambulances. Under Alaska State Statute, bond proceeds can only be used for capital-type expenditures such as acquisition, design, construction, construction management and equipping the capital improvement. Costs to issue the bonds are also paid from bond proceeds.
Some bonds will fund projects that will require increased operating and maintenance expenses. For such projects, voters also are asked to approve an increase in the tax limit in order to collect additional taxes to cover the increased operating costs. In other instances there is no increase in operation and maintenance costs.
PAID FOR BY ANCHORAGE TOMORROW, P.O. BOX 241191, ANCHORAGE, AK 99524. Jacques Boutet CHAIR, APPROVED THIS MESSAGE.
TOP CONTRIBUTORS: Davis Constructors & Engineers, JL Properties, International Association of Firefighters Local 1264
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