Anchorage's Fiscal Cliff: Bond Proposals in Jeopardy

0:00It's April 15th. This is Anchorage News Today, local news powered by AI. Anchorage leans heavy on municipal bonds to fund big ticket items like infrastructure upgrades, new buses and police vehicles, school repairs, and projects that stretch beyond the usual city and school budgets. Over the past five years, voters have shot down several of these bond proposals, and this April's election saw two key measures for the Anchorage. Will district barely failing based on early tallies? A bond aimed at fixing up police department facilities is also on the ropes, heading toward rejection. State funding keeps shrinking year after year, leaving property taxes to cover just over half the city's revenue, which puts real pressure on local services. Mayors Suzanne LeFrance warns their barreling toward a fiscal cliff without fresh revenue options, so expect some hard decisions looming for Anchorage folks.