The National Weather Service will continue to monitor the levels and the river flood warning will stay in effect until Wednesday. The proposed tax cap is stirring up statewide controversy, but it is also creating problems for one local organization. The Interior Taxpayers Association is finding confusion between their borough based revenue cap and the statewide 10 mills initiative. The revenue cap regulates local incoming dollars on a year to year basis. The cap does not allow the borough to take in more revenue than last year, barring a few exceptions.
Inflation is taken into consideration and guidelines allow leeway for emergencies.
The revenue tax cap was first passed in 1987. Since then the Interior Taxpayers Association has maintained its presence by placing the initiative to voters every two years. This time around, however, they found it difficult to solicit petition signatures. Many people turned down the Revenue Cap petition because they thought it was the same thing as the 10 mill initiative. The initiative is a proposal that will limit the tax assessed by smaller governments to 10 mills.