If the Mayor & Assembly are open to a $-saving suggestion:?
Spend a small portion of this $ exploring a program used in many lower 48 "conservative" and "liberal" cities and States - 
Voluntary Police Reserves  - 
as a means to expand police response & prevention at a very low annual cost. 
With our large number of retired military, and having a UAA Justice Center here ,  Anchorage is an IDEAL candidate for establishing a reserve force..
Last I looked, (long ago when I was policy and budget director for the Muni)  VPO's responded to about 10% of all CA State Police calls. They have to meet identical standards as do sworn officers- background checks, mental/physical fitness, passing a police academy, etc.
They ride with fulltime police, do accident scene work, traffic control, communication and followup on citizen complaints, etc. - saving sworn officers time for better uses.  They also provide a pool of "tested" candidates as sworn officer jobs open up.  
It's well-worth a look!