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Anchorage mayor sets public hearing after council holds first reading of 2025 tax-rate ordinance
Summary
Mayor Neil Ramsey said the proposed 2024-2025 tax rate of $0.323 per $100 of assessed value equals the compensating rate plus 4% and remains the same as last year; a public hearing is scheduled for April 14, 2025 at 5:30 p.m.
Mayor Neil Ramsey explained the proposed 2024-2025 tax rate of $0.323 per $100 of assessed value, saying it "equals the compensating rate plus four percent and is the same rate as the prior year." The Council completed a first reading of an ordinance to set that rate but did not take a final vote at the March 10 meeting.
Ramsey and Councilmembers said concerns about rising costs, including increased labor expenses tied to a police pay-scale restructuring, informed the decision not to reduce the rate. The Council set a public hearing on the tax rate for April 14, 2025 at 5:30 p.m., during which residents may comment before any final action.
