It's the little budget items that can make a difference
June 7, 2023
The biggest headline in the borough’s draft budget for the fiscal year that starts July 1 is the proposed 24% reduction in the property tax rate, though a substantial drop had been expected. This year’s comprehensive assessment review of every piece of property in Wrangell resulted in a significant boost in taxable value for most homes and businesses. Borough officials had said the intent was fairness — assessing all property by the same standards — not raising revenue. The proposed cut to the tax rate follows through on that pledge.
Aside from the $2 million in property tax revenue...
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