The Anchorage Assembly will be voting on a package of bonds on Tuesday that will be placed on the April 6 ballot. The bonds total approximately $60 million and come with a mechanism to bypass the tax cap, because if approved, then associated operating costs are also approved, driving up the cost of government.

A municipal bond is a bond allows the government to borrow money, paid back through taxes, generally used to finance public projects such as roads, schools, airports and seaports,…

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