Up on the North Slope, we never met a bond proposition we didn’t like. In 30 years of voting there, during 25 of which there were always bond propositions on the ballot, every one of them passed with flying colors. If some bond proposition only got 65% approval, that was viewed as close to failing.
As in Anchorage, property taxes are the mail fuel of local government there and the backbone for financing the payback of bond sales. Unlike Anchorage, however, on the North Slope we had industry property at Prudhoe Bay that fed hundreds of millions of dollars toContinue reading →