(a) Except as provided in (c) - (e) of this section, the mayor may veto an ordinance, resolution, motion, or other action of the governing body and may strike or reduce appropriation items.(b) A veto must be exercised before the next regular meeting of the governing body and must be accompanied by a written explanation of the reasons for the veto. A veto may be overridden by vote of two-thirds of the authorized membership of the governing body within 21 days following exercise of the veto, or at the next regular meeting, whichever is later.(c) The veto does not extend to (1) appropriation items in a school budget ordinance;(2) actions of the governing body sitting as the board of equalization or the board of adjustment;(3) adoption or repeal of a manager plan of government.(d) The mayor of a second class city has no veto power.(e) The veto does not extend to an ordinance adopted under AS 04.11.501. This subsection applies to home rule and general law municipalities.