Proposition 3:

Anchorage’s road and drainage service area bond for 2018 would authorize nearly $33.9 million in spending to cover about 40 projects across the municipality; the largest single expenditures include $3.4 million of road and drainage work in the Pleasant Valley subdivision, $3.3 million for a stormwater sediment treatment facility and $2.5 million of work in the Campbell Woods subdivision.

Chugiak and Girdwood residents would be excluded from paying the costs of this bond.

Annual cost to property owners: About $8.66 per year for each $100,000 of assessed property value.