Proposition 1 would allow the municipality to make much needed safety and security improvements to schools. If approved, money from bonds would go toward structural and safety updates to Alpenglow Elementary, Central Middle School and Chugiak High School; security improvements to Kasuun, Lake Hood and Klatt elementary schools; renovations at Romig Middle School; replacing Inlet View Elementary School; and planning and design for next school year. There would be an annual tax increase by $12.43 per year per $100,000 of assessed property value, an annual increase of about $12.43 to pay off the borrowed money, and about $0.17 per year added to the tax cap to cover ongoing maintenance.
Proposition 1 would allow the municipality to make much needed safety and security improvements to schools. If approved, money from bonds would go toward structural and safety updates to Alpenglow Elementary, Central Middle School and Chugiak High School; security improvements to Kasuun, Lake Hood and Klatt elementary schools; renovations at Romig Middle School; replacing Inlet View Elementary School; and planning and design for next school year. There would be an annual tax increase by $12.43 per year per $100,000 of assessed property value, an annual increase of about $12.43 to pay off the borrowed money, and about $0.17 per year added to the tax cap to cover ongoing maintenance.