So you guys in Anchorage buying this? $11 million in new gas taxes, higher fees, $46 million in new bonds (which will be added to your property tax bill) but when the smoke clears you MAY save $360 dollars on your property tax bill?
The way they are playing this game is to increase the residential property tax exemption, perhaps to the state max of $50k (I believe Anchorage has a $20k exemption atm). Problem is that businesses do not qualify for this break. That, plus all the trickle down effects of the transportation industry who will pass on the costs of the gas tax to you, in the form of higher prices for food and everything else = net increase in taxes, hence why this article says City spending is going UP $10 million.
Your Mayor is unable to bypass the tax cap so his plan is to convince you to vote in new taxes and then give you a portion of that back and make you feel as if you are getting a good deal.