Maxwell Sumner
185:23 - 186:11
“with the 1% sales tax being passed, we would have additional revenue coming in. So you wouldn't have to offset the revenue loss to the area-wide, for example, for example, by increasing the mill rate to spread the tax burden. So this would, you know, basically you'd be transferring— it'd be a property tax reduction for owner-occupied houses, and it would be a small sales tax.”
- Speaker
- Maxwell Sumner
- Timestamp
- 185:23 – 186:11
- Community
- Alaska News
- Location
- Mat-Su Borough
- Captured at
From the transcript
So that would be, you know, passing cost on to renters, it would pass cost on to small businesses, uh, and stuff like that. Now, you know, the, the mental thing you got— I guess the, the thing you got to realize is that with the 1% sales tax being passed, we would have additional revenue coming in. So you wouldn't have to offset the revenue loss to the area-wide, for example, for example, by increasing the mill rate to spread the tax burden. So this would, you know, basically you'd be transferring— it'd be a property tax reduction for owner-occupied houses, and it would be a small sales tax. Now, you would still have, uh, on the FSAs and RSAs, you would have a mill rate adjustment because those things are, you know, operating independently, right?
Related Coverage
A $700 property tax break, paid for by a 1% sales tax
Mat-Su voters will decide in November whether to shave about $700 off homeowners' property taxes and pay for it with a 1% sales tax on everyone.
Mat-Su Assembly declares Talkeetna flood emergency, seeks state aid for permanent fix
Mat-Su Assembly declared a local emergency over Susitna River flooding in Talkeetna to unlock state aid for a permanent fix that could cost over $20 million.
