Anchorage should think twice about pension-debt deal

The Anchorage Assembly recently approved Ordinance No. AO 2017-133, authorizing Mayor Ethan Berkowitz's plan to incur $68 million in pension-related debt, leveraging municipal property in the process. The minor and myopic advantages of this are eclipsed by significant risk, new and unnecessary long-term debt, and liabilities. Residents may be facing new and/or higher taxes in coming years.

Under Berkowitz's plan, $68 million, collateralized by municipal property, will be transferred in lump...

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