Proposed state spending for infrastructure down a billion from 10-year average
The Senate Finance Committee has unveiled a stripped-down, draft rewrite of the capital budget. As it stands, it would be one of the smallest in Alaska in more than a decade.
The bill proposes a $1.5 billion dollar budget capital budget for fiscal year 2016. That’s down a billion from the 10-year average of $2.5 billion. Amendments are expected to be considered today [Thursday]. Whatever ultimately passes the Senate would go to the House for consideration.