0:40
Alexi Painter
31:14 - 31:55
“Alaska statutes currently provide the municipalities must contribute the lesser of 2.65 mills of real and personal property or 45% of prior year basic need to schools.. And this section exempts all the property that's getting the AVT or the moratorium— tax moratorium before the AVT kicks in from that required local contribution.”
- Speaker
- Alexi Painter
- Timestamp
- 31:14 – 31:55
- Community
- Alaska News
- Location
- Kenai Peninsula
- Captured at
From the transcript
So starting with Section 2. This deals with the required local contribution. It exempts property subject to the alternative volumetric tax, or AVT, from the required local contribution for K-12, or RLC. Alaska statutes currently provide the municipalities must contribute the lesser of 2.65 mills of real and personal property or 45% of prior year basic need to schools.. And this section exempts all the property that's getting the AVT or the moratorium— tax moratorium before the AVT kicks in from that required local contribution.
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