The program will help qualifying buyers purchase borough land at 25% discount.
The document includes a section that says the borough could alternatively leave its tax structure exactly as it is.
The budget also follows his “balanced budget philosophy” of spending increases at or below around 2.5% year-over-year.
The assembly said it will not determine the actual contribution amount until later in its annual budget process.
Kenai Peninsula Borough taxpayers simply can’t make a dent in the education funding deficit by themselves, nor should they be asked to do so.
In a 3-3 vote, the working group had earlier this month rejected a draft document with proposed recommendations.
Alaska municipalities are required by state statute to assess all properties at their full and true value.
Borough Mayor Peter Micciche delivered an update to the joint Kenai and Soldotna Chambers of Commerce on Wednesday.
The resolution was postponed until the next meeting amid questions from assembly members about how the cap might work.
The Soldotna project has been reduced from its original scope.
The group calls importation of natural gas a necessity in the short-term.
The final presentations will take place on April 17 in Kenai.
The move was made as the school district faces a $17 million budget deficit.
The security upgrades are among several key KPBSD maintenance projects included in a bond approved by borough voters in October 2022.
The assembly had previously postponed the legislation amid outcry from the Kenai River Keys Property Owners Association.
A large baler that was used for recycling was recently left inoperable by a catastrophic failure in its main ram.
A vacancy on the assembly was created when Rep. Bill Elam resigned after winning election to the Alaska Legislature in November.
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