Primary Election Ballot Measure Results Certified
September 17, 2012
Ballot Measure 1, a “Bill Increasing the Maximum Residential Property Tax Exemption,” was passed by a vote of 61,804 yes to 61,495 no. The measure will allow a city or borough to raise the property tax exemption on a residence from $20,000 to at most $50,000. This kind of tax exemption must be put to a vote and approved at a local election. The bill also allows a city or borough to pass a law to adjust this exemption to reflect a raise in the cost of living.
Ballot Measure 2, the “Establishment of an Alaska Coastal Management Program,” was rejected by a vote of 46,678 yes to 76,440 no. The measure would have created a new coastal management program for Alaska.
Source of News: