What Is ACT-CAP and How Does It Work?

Because we are NOT politicians, our discussion begins at the bottom line.  Property tax bills are going up with no end in sight.  ACT-CAP, an initiative to slow the rate of borough spending is ready to file.  If you would like more information… READ ON!!!

If approved by voters, ACT-CAP would limit the total revenue (taxes) collected by the Kenai Peninsula Borough from all sources.

State law requires real property be assessed at full market value.  Therefore a California-style Prop 13 will not work in Alaska without a state-wide constitutional amendment. ACT-CAP would give property tax relief to the Kenai Peninsula taxpayers with a lot less time, effort and money.

Your property will still be assessed at full market value.  However, once the cap is reached, the borough would not be able to send bigger tax bills just because your assessment went up.

If revenues from sales tax increase, (which they’ve done every year) the borough will be forced to reduce property tax levies (the amount you pay).

This is NOT a tax cut proposal.  ACT-CAP will control the RATE at which taxes can increase.  It also allows for voters to approve higher rates should the public decide it is necessary.

ACT-CAP will NOT cut funding to service areas.

ACT-CAP will NOT cut funding to schools.

ACT-CAP was written by Fairbanks attorney Peter Aschenbrenner.  Mr. Aschenbrenner has many years experience in these type of municipal revenue cap laws and is arguably the best attorney in Alaska for drafting such legislation.  His revenue caps have been in effect in Anchorage and Fairbanks for many years.  A variation of the Anchorage cap has been in place in the MatSu Borough for about ten years. 

The KPB rejected this initiative in October 2007, saying it was too complicated and would not work.  Could it be they just don't want anything that limits their power to tax you?  Administrations in Anchorage, Fairbanks and MatSu Boroughs, when forced to comply, have made the exact same legislation work for years.  Click here to see a copy of the initiative submitted in 2009.

Help us to help you save money on your future tax bills!  Only with your generous donation can ACT-CAP become a reality.  Without your help, ACT-CAP will have to wait another year, or until the money is available for us to proceed.  PLEASE DONATE TODAY! 

Before you put pen to check think to yourself, “How many more of these big property tax hikes can I afford”?   Your contribution of $100 or more will help move us toward our goal of tax stability here in the Kenai Peninsula Borough.  At this time, there is no legal limit to the amount of your contribution for our ACT-CAP lawsuit. Your name and address will not be forwarded to any other entity, and your contribution will not be made public.

Secure electronic payments can be made on our web site through PayPal, or just make your check out to “ACT-CAP” and mail it to P.O. Box 3293 Kenai, AK 99611.

Thank you so much for helping us.  Your donation could save you $1,000’s on future property tax bills!

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