Fairbanks North Star Borough v. College Utilities Corp.

OPINION

RABINOWITZ, Justice.

I

In the spring of 1982, the Mayor of the Fairbanks North Star Borough (Borough or FNSB) introduced an ordinance that, among other things, raised the rate at which real property in the College Service Area 1 was to be taxed. 2 In previous years the rate had been set at zero mills; the ordinance raised that rate to one mill. 3 Notice of the proposed ordinance was published in the Fairbanks Daily News-Miner, a daily newspaper of general circulation in the Fairbanks area, and the Borough Assembly subsequently enacted the ordinance.

George Gordon (Gordon), a property…