Tag Archives: school bond debt

Borough Assembly sets ordinance on High School payments, next step is public hearing

  The Kodiak Island Borough Assembly Thursday night moved to advance to public hearing an ordinance that sets out where the borough will get the funds to pay for the debt on the high school. The assembly passed the current year’s budget before the governor cut 50-percent of the funding for bond debt reimbursement for schools. That leaves the borough …

Read More »

Assembly approves tapping repair funds to pay high school bond debt, Bayside Fire Chief gives notice

  At last night’s regular meeting the Kodiak Island Borough Assembly approved increasing the amount of money that can be taken from the Facility Fund to pay school bond debt, as well a measure writing off old uncollectible debts. KMXT’s Maggie Wall has this report on those two public hearing items as well as other action by the assembly. Click …

Read More »

An end to school bond debt reimbursement could hike property taxes

The House Finance Committee voted this month for a budget amendment to end school bond debt reimbursement. For Kodiak Island Borough, that could potentially mean property tax hikes of about 37 percent. The bonds that helped pay for construction of Kodiak High School are at risk of losing state reimbursement. (Photo by Kavitha George) The recent House Finance Committee vote …

Read More »