Aimee Williams
49:04 - 49:46
“That does not put money into R&R, but in order to do the projects that we have scheduled, we have enough money in that fund to cover that.”
- Speaker
- Aimee Williams
- Timestamp
- 49:04 – 49:46
- Transcript
- Assembly Special Meeting of May 28, 2026
- Community
- Alaska News
- Location
- Kodiak Island Borough
- Captured at
- May 29, 2026
From the transcript
And again, if you want to see these formulas work in action, please come see us. Um, that because that takes that out of there, we do not need property tax revenue to cover debt service, and that lowers the mill rate. And that's why we lower our mill rate from 891 to 859. That does not put money into R&R, but in order to do the projects that we have scheduled, we have enough money in that fund to cover that. So I think that it's important to keep continuing adding money to that to ensure that we have money for projects, but it's not doom and gloom, we can't do anything if we don't do that.
Related Coverage
Kodiak Borough advances FY27 budget with 8.91 mill rate to hearing
Kodiak Borough Assembly voted unanimously Wednesday to hold the property tax rate at 8.91 mills, a decision that keeps the rate flat but will result in higher tax bills for most homeowners as assessed property values increase.
