Wed, 02/10/2021 - 8:53am
Gov. Mike Dunleavy submitted the final piece of his 2022 budget plan to the functional half of the Legislature Feb. 5 but where the $356 million construction bond package will end up is anyone’s guess.
The general obligation, or GO, bond proposal in Senate Bill 74 would spend $356.4 million of state general funds to capture just more than $1 billion in matching federal transportation funding.
Dunleavy has said he wants to hold a special election this year should the stimulus effort pass the Legislature in order to expedite the process that would traditionally have the vote in November 2022. The Alaska Constitution requires a statewide vote to approve most forms of new debt.