(SitNews) Anchorage, Alaska – Lieutenant Governor Mead Treadwell announced today the certification of the 2012 Primary Election ballot measure results.

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: 

Office of Lt. Gov. Mead Treadwell
www.ltgov.alaska.gov

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