The Kenai Peninsula Borough Assembly voted unanimously Tuesday night to approve Resolution 2025-025, setting new property tax mill rates for Fiscal Year 2026. The resolution includes across-the-board decreases in seven key service areas and the general fund, aimed at easing the tax burden on residents. It also approves a notable increase in Seldovia to preserve a valued community resource.
Introduced by Borough Mayor Peter Micciche, the resolution reduces the general fund mill rate from 4.30 to 3.85 mills and implements reductions in service areas including Central Emergency Services (down from 3.21 to 2.95 mills), Kachemak Emergency Services (from 3.66 to 3.26 mills), the Road Service Area (from 1.40 to 1.30 mills), Nikiski Fire (2.70 to 2.45 mills), Nikiski Senior Services (0.27 to 0.25