Fairbanks Daily News-Miner on the need for Congress to fund a key tax program (Jan. 28, 2014):
Here’s another example of a budget decision made far away and having a potential consequence to Fairbanks. Congress failed to include funding for the annual Payment in Lieu of Taxes program in the federal omnibus spending bill approved earlier this month.
The program provided $742,500 to the Fairbanks North Star Borough in fiscal 2013. That’s an amount equal to just less than 1 percent of the property tax revenue raised that year.
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