February 16, 2006
A small bit of information happened by my way. It seems to warrant discussion and awareness by those of us having arrived at or have been for sometime, over 65 years of age.
Our diligent legislature, always looking out for the general good has found the time to review Alaska Statue 29.45.050. This section deals with the tax assessment exemption on our principal abode.
The busy little beavers of the legislature have made little changes that will bring terror to your retirement plans, if not upon passage, shortly after or at the very least, continuing fear in your remaining years waiting for the other shoe to drop.
I have cropped the precise wording of the change for your review and (Hopefully,) action.
The new words added to this section are WHOLLY OR PARTIALLY. The wording within the parentheses in bold print, is the old language which is deleted.
In a nutshell this clearly allows a municipality (Ketchikan Gateway Borough), by ordinance without a public vote, to completely delete or partially allow the amount of property tax exemption currently allowed. This under the guise of "Local Control".
Trust? you bet.
The leader in opposition to this effort to place seniors in jeopardy is Representative Bob Lynn. I have made inquiry to Representative Jim Elkins seeking his public position to this issue. I would urge interested parties to do like wise.
and do not necessarily reflect the opinions of Sitnews.