The Anchorage Assembly voted Tuesday to limit to 1% a property tax hike to support its school district in the next budget.
The increase is less than Mayor Dan Sullivan’s property tax hike of 1.4% to pay for city operations and a 1.9% increase to boost city spending in next year’s budget, according to the Anchorage Daily News.
The school district gets the majority of its funding from the state.
Earlier in the year, Alaska lawmakers passed a $9 billion operating budget and a $4 billion capital budget, which included a tax revenue surplus from high oil prices.
