(a) If a municipality levies and collects property taxes, the governing body shall provide the following notice:

“NOTICETOTAXPAYER

Forthecurrentfiscalyearthe(city)(borough)hasbeenallocatedthefollowingamountofstateaidforschoolandmunicipalpurposesundertheapplicablefinancialassistanceActs:

PUBLIC SCHOOL FUNDING

PROGRAM (Alaska Stat. Chapter 14.17) $

STATE AID FOR RETIREMENT OF SCHOOL

CONSTRUCTION DEBT (Alaska Stat. § 14.11.100) $

COMMUNITY REVENUE SHARING PROGRAM

(Alaska Stat. § 29.60.85029.60.879) $

T $ OTALAID

The millage equivalent of this state aid, based on the dollar value of a mill in the municipality during the current assessment year and for the preceding assessment year, is:

MILLAG E EQUIVAL ENT

PREVIOU THIS S YEAR YEAR

PUBLIC SCHOOL FUNDING

PROGRAM ASSISTANCE MILLS MILLS

STATE AID FOR RETIREMENT OF

SCHOOL CONSTRUCTION DEBT MILLS MILLS

COMMUNITY REVENUE SHARING

PROGRAM MILLS MILLS

TOTAL MILLAGE EQUIVALENT MILLS MILLS”

Notice shall be provided by

Terms Used In Alaska Statutes 29.45.020

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • municipality: means a political subdivision incorporated under the laws of the state that is a home rule or general law city, a home rule or general law borough, or a unified municipality. See Alaska Statutes 01.10.060
  • property: includes real and personal property. See Alaska Statutes 01.10.060
  • state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(1) furnishing a copy of the notice with tax statements mailed for the fiscal year for which aid is received; or
(2) publishing in a newspaper of general circulation in the municipality a copy of the notice once each week for a period of three successive weeks, with publication to occur not later than 45 days after the final adoption of the municipality’s budget.
(b) Compliance with the provisions of this section is a prerequisite to receipt of community assistance under Alaska Stat. § 29.60.85029.60.879. The department shall withhold annual allocations under those sections until municipal officials demonstrate that the requirements of this section have been met.