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Focus on Budget & Taxes​


The Municipality of Anchorage budget is a reflection of the values, vision and priorities of our community. Residents have a vital voice to give feedback and input on what they want to see in the budget. 

The approval of the municipal budget affects everyone – from the number of books on the shelves at libraries, playgrounds in our parks, and immunizations provided at health clinics, to the quality of the roads we drive on and the response times of emergency services, there are few things in our daily lives that aren't impacted by the municipal budget.

Be part of the conversation. Learn how the current budget impacts you, participate in future budget planning processes and understand how taxes are used to make government work for you.



Get the Facts: Budget

The Municipality of Anchorage operating budget provides for local services like fire, police, parks, libraries, roads, building permits and health, as well as utilities and enterprises like the Port of Alaska, Merrill Field Airport, AWWU and Solid Waste Services. 

The Municipality's capital improvement budget and capital improvement plan consist of capital projects for the upcoming fiscal year and for the next six fiscal years and identify funding sources such as future bond propositions and state and federal funding requests. 

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Get the Facts: Taxes

​​Each year, the Municipality of Anchorage collects property taxes from homeowners and commercial entities, and in return, those taxes fund local services like fire and police, schools, parks, libraries, roads, and health services. 

Property taxes account for about half of the revenue needed to fund the Municipality’s operations. Other sources of funding include non-property taxes such as room, auto, tobacco, and alcohol taxes as well as investment revenue, fees and permits, and federal and state contributions.



2023 Budget Process

Every fall, OMB submits the mayor's budget to the Assembly, typically around the first of October (the legal requirement is 90-days before the end of the year). After that, the Assembly holds two worksessions in October to hear from municipal departments and the utilities and enterprises on their budgets and one worksession in November to discuss possible budget amendments. Public hearings on the budget are held in October and November and the budget is typically approved at the last Assembly meeting in November.

The process is repeated on a smaller scale each April in what is called the 1st Quarter Budget Revision. This gives the municipality a chance to see where the previous year’s revenue and expenses actually fell and make adjustments as needed, since the budget is based on projections from the previous fall.

What is the timeline for the 2023 Budget?

Sept. 30 - OMB submits budget and six-year fiscal program to Assembly

Oct. 11 - Formal introduction of mayor's budgets to Assembly

Oct. 14 - Assembly worksession on general government operating & capital budgets

Oct. 21 - Assembly worksession on enterprise and utilities operating & capital budgets

Oct. 25 - First budget public hearing at Regular Assembly meeting

Nov. 9 - Second budget public hearing at Regular Assembly meeting

Nov. 18 - Assembly worksession on proposed budget amendments

Nov. 22 - Assembly budget approval at Regular meeting

Participate


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Budget & Finance Committee

​Guide to Testimony

Office of Management & Budget​

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​​907-343-4311 PO Box 196650, Anchorage, AK 99519-6650​​​