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Ketchikan Gateway Borough directs staff to prepare ordinance raising single‑unit sales‑tax exemption to $6,000 as FY27 budget work begins
Summary
The Assembly on Jan. 23 directed staff to draft an ordinance increasing the single‑unit sales‑tax exemption from $2,000 to $6,000 (effective 07/01/2026), citing an estimated $1.2 million boost to general‑fund reserves. The move is part of a package of FY27 budget assumptions staff will use while preparing appropriation proposals.
The Ketchikan Gateway Borough Assembly voted Jan. 23 to ask staff to prepare an ordinance to raise the single‑unit sales‑tax exemption from $2,000 to $6,000, a change staff estimated would generate roughly $1,200,000 in additional revenue for the general fund.
Finance Director Sharolyn Thomas told the Assembly during a work session that staff plans to start the FY2027 budget using a mill levy of 4.85 and a 3% property‑tax revenue increase, and that the proposed exemption change was intended to build general‑fund reserves toward a policy goal of three months’ operating coverage. Thomas…
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