If approved by voters in October, the ordinance would increase the tax exemption by $25,000.
The Kenai Peninsula Borough School District will receive less money from the state this year than it did last year.
The longtime Homer resident passed away in April.
Mill rates for several service areas have also been reduced.
The program will help qualifying buyers purchase borough land at 25% discount.
The document includes a section that says the borough could alternatively leave its tax structure exactly as it is.
Kenai Peninsula Borough taxpayers simply can’t make a dent in the education funding deficit by themselves, nor should they be asked to do so.
The assembly said it will not determine the actual contribution amount until later in its annual budget process.
The budget also follows his “balanced budget philosophy” of spending increases at or below around 2.5% year-over-year.
In a 3-3 vote, the working group had earlier this month rejected a draft document with proposed recommendations.
Alaska municipalities are required by state statute to assess all properties at their full and true value.
The Soldotna project has been reduced from its original scope.
The group calls importation of natural gas a necessity in the short-term.
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