Ballot Proposal for Borough Sales Tax

Proposition No. 1

AREAWIDE PROPERTY TAX LIMITATION OF 7.3 MILLS

3 PERCENT AREAWIDE SALES TAX
RESIDENTIAL PROPERTY TAX EXEMPTION OF $20,000

Shall the Matanuska-Susitna Borough be authorized to adopt the following to be effective on July 1, 2010:

1. Enact an areawide real property tax limit of 7.3 mills, except taxes required to fund the cost of judgments entered against the borough, or any issues or increases authorized by the voters;

1. Enact an areawide sales tax not to exceed 3 percent on sales, services and rentals of $1,000 or less within the borough;

1. Enact an areawide residential real property tax exemption in the amount of $20,000 of assessed value on the primary residence; and

1. Provide for the automatic expiration of all of the foregoing on June 30, 2014?

This proposition is non-severable, i.e., if any one of the provisions is overturned or repealed for any reason, then the entire proposition is repealed. A “yes” vote approves the property tax limitation, sales tax, and residential exemption and implements Proposition No. 1. (Ordinance Serial Nos. 09-055(SUB) and 09-056)

Go to the Borough website, www.matsugov.us for a copy of this ordinance.