Tuesday, December 7, 2010

Assembly approves $435M budget for 2011

By ROSEMARY SHINOHARA
rshinohara@adn.com

(12/07/10 19:34:12)

The Anchorage Assembly tonight approved a $435 million city operating budget for 2011 -- a spending plan that cuts services and positions from this year's level, but raises property taxes by only half of 1 percent.

The final version eased up on some cuts that Mayor Dan Sullivan first proposed two months ago, at the start of the process, thanks to a decision by the Assembly last month to increase tobacco taxes by $5.7 million annually beginning in January.

With the anticipated new tobacco tax money, the administration restored $3.2 million in programs and services that had been slated for cuts. The rest went to offset property taxes.

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