Alaska Legislature Compromises On $1.4 Billion Capital Budget In Third Special Session
The Alaska State Legislature was in session yesterday for roughly six hours, marking IT the third special session held this year.
The item on the agenda was Senate Bill 23- the capital budget for Fiscal Year 2018.
The bill passed in the House with 27 Yeas, and 13 Nays; it passed in the Senate 15 to 4.
Multiple legislative members said the bill was a compromise.
The budget amount is 1.4 billion dollars, with roughly 1.2 billion coming from the federal government.
Only 122 million dollars were from state Unrestricted General Funds.
This is the smallest draw for the capital budget since fiscal year 2000, 17 years ago.
With the passing of this bill, construction and maintenance projects can continue in the state.
Governor Bill Walker still has to sign it into law, but the Governor has already expressed that he is pleased with this bill, saying "I look forward to signing the capital budget prior to August 1."