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190:48 - 191:20

“Right now, area-wide property taxes for fiscal year '26, I think it was, was about— it was just shy of $130 million. We didn't even run a 5% calculation with all the price elasticity of demand and all that because we never had this conversation. Like, we want to help you with these numbers, but some of this stuff is just happening right now. And there would— so there's been no analysis on 5% because no one mentioned 5%. We, we ran numbers on 6, 6.5, 7, and 8 to provide a range.”
Speaker
Unidentified speaker
Community
Alaska News
Location
Mat-Su Borough
Captured at

From the transcript

Right now, area-wide property taxes for fiscal year '26, I think it was, was about— it was just shy of $130 million. We didn't even run a 5% calculation with all the price elasticity of demand and all that because we never had this conversation. Like, we want to help you with these numbers, but some of this stuff is just happening right now. And there would— so there's been no analysis on 5% because no one mentioned 5%. We, we ran numbers on 6, 6.5, 7, and 8 to provide a range.

Related Coverage

Mat-Su Says No to Swapping Property Tax for Sales Tax

Mat-Su weighed trading its property tax for a 6.5% sales tax — same money, different payers — and decided renters, shoppers, and an untested legal handcuff made it a bad bet for the ballot.

Cover image for article: Mat-Su Says No to Swapping Property Tax for Sales Tax