Anchorage Daily News

CITY BOND PROPOSITION 5

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Road Improvements -- $44.8 million

Cost: Annual property tax to pay for the debt and cover operations and maintenance

• $76.41 to the owner of a $300,000 home.

• $71.32 to the owner of a $300,000 property who claims the city's $20,000 residential property tax exemption.

• $33.11 to the owner of a $300,000 home who claims both the city's residential property tax exemption and the maximum $150,000 exemption for senior citizens/disabled veterans.

Who: Only voters within the city's Road and Drainage Service Area (excludes Eagle River, Girdwood and parts of the Hillside) would pay the debt, but it must be approved by both service area and areawide voters.

What it would do: Pay for more than 40 road and drainage projects around the city, including downtown sidewalk and lighting upgrades, reconstruction of 58th Avenue between Arctic Boulevard and Silverado Way and reconstruction in the Bayshore West subdivision.

History: Voters typically approve all of the proposed road bonds each year. In 2007, voters approved $35.9 million for projects around the city.

City debt: Total tax-supported city bonds outstanding as of Dec. 31 -- $437.5 million

City debt paid off in 2007: $26.5 million

Sources: Anchorage Daily News research; Municipality of Anchorage.

--Information compiled by Elizabeth Bluemink

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