On February 16, 2024 the Borough Assembly adopted Ordinance No. 2024-07, which calls for a Special Election to be held on Tuesday, May 7, 2024, to place the following question before the qualified voters of the Borough:

"Shall the Fairbanks North Star Borough be authorized to increase its maximum allowable tax revenue for areawide taxes by $10,000,000 to fund education? 
The additional tax revenue includes taxes from any areawide source, including property taxes, tobacco excise tax, hotel-motel room tax, alcoholic beverage tax, or marijuana and marijuana product sales tax. If the additional revenue is solely raised through property tax revenue, it is the equivalent of approximately 1 mill or $100 per $100,000 of assessed taxable value of real property."