Last year the borough assembly placed a real property tax exemption increase on the ballot which passed by a wide margin. When discussing this ballot proposition they knew there would be a $1 million loss in tax revenue to the borough. This tax revenue shortfall when coupled with their spending $10 million more than revenue over the past 4 years, while failing to cut the size and cost of borough government, did nothing but aggravate an already bad fiscal situation. It seems the only solution being offered now to the assembly's chronic over spending problem is to raise taxes.
Instead they should give the additional $10,000 property tax exemption promised to voters, forget about driving major purchases to Anchorage, and sending the poor people renting a place to live deeper into poverty.
The assembly can accomplish this by cutting at least $5 million worth of fat out of their budget. If they want some help with this suggestion, I would be more than happy to assist.
The bottom line is the assembly needs to get their fiscal house in order before they come to me for more money!
Fred Sturman, Soldotna
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