Measure on the ballot in the 2022 Alaska General Election in Fairbanks North Star Borough.
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Get StartedShall sections 8.04.290 and 8.04.300 of the Fairbanks North Star Borough Code (FNSBC) be reenacted? These sections will provide for limitations on the maximum allowable tax revenues for the Fairbanks North Star Borough. Under FNSBC 8.04.290 the Borough will be able to levy or impose only the same amount of taxes for one fiscal year as the Borough levied or imposed for the preceding year, except that the Borough can increase the amount of taxes levied or imposed (a) to adjust for inflation; (b) to take into account new buildings and land coming onto the tax rolls; (c) make new payments on bonds; (d) pay for services approved by voters; ( e ), pay for new legal judgements entered against the Borough; and to pay for expenses in emergencies. FNSBC 8.04.300 provides a formula and definitions for the limitations of FNSBC 8.04.290.
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