2023 Ballot Proposition No. A, Anchorage Parks & Recreation
2023 Ballot Proposition No. A, Anchorage Parks & Recreation - $3,950,000
For the purpose of renovating and rehabilitating trails and parks, and making improvements at various parks and recreational facilities in the Anchorage Parks and Recreation Service Area, as provided in AO 2023‑2(S), As Amended, shall Anchorage borrow money and issue up to $3,950,000 in principal amount of general obligation bonds and increase the municipal tax cap by an annual amount not to exceed $195,000 to pay for associated annual operations and maintenance costs?
Voter approval of this bond proposition authorizes for each $100,000 of assessed taxable property value (based on the estimated 2023 assessed valuation in the Anchorage Parks and Recreation Service Area): (i) an annual increase in taxes of approximately $0.96 to retire the proposed bonds, and (ii) an annual increase in the municipal tax cap (Charter 14.03(b)(2)) of approximately $0.62 to pay for annual operation and maintenance costs related to the proposed capital improvements.
The debt shall be paid from real and personal property taxes levied and collected within the Anchorage Parks and Recreation Service Area, without cost to properties in Chugiak, Eagle River, Girdwood, and other areas outside the Service Area. The Municipality will also pledge its full faith and credit for payment of the bonds. (AO 2023-2(S), As Amended)
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Athletic Field Safety Improvements - $200,000
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Campbell Creek Trail Rehabilitation and Wayfinding - $300,000
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Chester Creek Complex Facility Safety, Security, and ADA Upgrades - $100,000
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Midtown Park Family Chalet - $300,000
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Fairview Recreation Center Improvements - $500,000
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Far North Bicentennial Park Bridge Replacements - $150,000
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Fish Creek Trail to the Ocean - $150,000
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Mulcahy Stadium Improvements - $350,000
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Playground Development - All-Inclusive - $300,000
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Peratrovich Park Upgrades - $700,000
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Russian Jack Springs Park Safety and ADA Improvements - $300,000
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Ship Creek Trail - $250,000
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Spenard Recreation Center Improvements - $200,000
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