The city of Anchorage is in debt to the tune of almost $1.7 billion. Of that, over $1.2 billion are general obligation bonds, which means they are supported by the taxpayers. The other roughly $500 million are revenue bonds for ML&P and AWWU which means they are backed by people paying their utility bills.
The Anchorage School District annual budget is soaring from about $400 million to almost $600 million for the 2008-2009 school year.
Meanwhile enrollment in the Anchorage School District is still dropping from a high in 2002 of over 50,000 students to about 48,000 being projected for 2008-2009 school year.
These are facts. Another fact is that the Municipality is spending money on advertisements to get people to vote for more debt (bonds)...
Tuesday, March 18, 2008
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