
Amy Williams
46:09 - 46:38
"When we put money into facility or into R&R, it causes us to collect, it doesn't affect the mill rate in a positive way. It makes it go up."
“When we put money into facility or into R&R, it causes us to collect, it doesn't affect the mill rate in a positive way. It makes it go up.”
It's not intuitive. If anyone wants to come in next week, and I'm serious about this, and sit down and walk through scenarios and see how this works, Dora and I are for it. So, um, you're going to get a handout and we'll make sure it makes it into supplemental materials so that the public can see it. When we put money into facility or into R&R, it causes us to collect, it doesn't affect the mill rate in a positive way. It makes it go up.
The Kodiak Island Borough Assembly voted Friday to advance its FY2027 budget to public hearing after deciding to allocate 75% of facilities fund interest to debt service rather than lowering the property tax mill rate, keeping it at 8.91 mills.
