Next Tuesday, the Mat-Su Borough Assembly will hold a regular meeting for the first time since June. One ordinance that is scheduled for introduction next Tuesday would eliminate recurring registration for older vehicles. While that could mean less out-of-pocket expense for some drivers, KTNA’s Phillip Manning found that it could also come with trade-offs.
The ordinance, sponsored by Assembly Member Jim Colver, takes advantage of a new state law that gives municipalities the option to allow permanent registration of vehicles that are more than eight years old. Under the proposed system, owners would have to register the vehicle one last time and pay a $25 fee to the state, but would then be exempt from state or borough registration fees as long as the vehicle did not change ownership.
While that could mean a significant convenience for many borough residents, it’s not without a potential cost in the form of lost revenue. According to the borough’s estimates, it could mean a total loss of more than $2.4 million in revenue by fiscal year 2018. According to Terry Dolan, Public Works Director for the borough, dust control is a major part of what the registration fees cover. (more…)