Suzanne LaFrance
46:58 - 47:49
“Over the 9-year project period, New service costs would exceed revenues by tens of millions of dollars. Since we rely on property taxes, we don't get new tax revenues from an influx of people until new homes and commercial properties are built and added to our tax rolls, and that takes years. But there will be immediate pressure on public safety, emergency response, transportation systems, parks, and other municipal services.”
- Speaker
- Suzanne LaFrance
- Timestamp
- 46:58 – 47:49
- Community
- Alaska News
- Location
- Juneau
- Captured at
From the transcript
Over the 9-year project period, New service costs would exceed revenues by tens of millions of dollars. Since we rely on property taxes, we don't get new tax revenues from an influx of people until new homes and commercial properties are built and added to our tax rolls, and that takes years. But there will be immediate pressure on public safety, emergency response, transportation systems, parks, and other municipal services. We also expect significant impacts on housing demand at a time when Anchorage is already facing a constrained housing market. The report highlights our existing housing, housing shortage, which would make it difficult to accommodate large-scale workforce growth that would raise housing costs for current residents.
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