City of Fairbanks Mayor Jim Matherly introduced Ordinance No. 6084 on Monday, September 24, 2018. The main components of the Mayor’s proposed Ord. No. 6084 are:
- To gradually raise the bed tax from the current 8% to 9.5% for 2019, 10% for 2020, and 10.5% for 2021.
- The City of Fairbanks currently receives 22.5% of the first 8%. Should this ordinance pass then 100% of the tax increase above 8% would go directly into the City’s coffers for the City’s exclusive use as stated in the proposal “for fund collection, administration, and tourism impact, and general public services.”
- To find the proposed ordinance, click here: https://www.dropbox.com/s/qxsembfy66zuc2p/Ord%20No.%206084%20%E2%80%93%20Increase%20the%20Tax%20Rate%20and%20the%20City%E2%80%99s%20Percentage.pdf?dl=0