Alaska committee amends budget to halt payments towards school construction
The Alaska House Finance Committee approved an amendment to its current version of the operating budget that would stop payments to municipal governments for all school construction costs.
Gov. Mike Dunleavy’s draft of the FY2020 budget made the proposal to eliminate school bond debt reimbursement for pre-2015 school debt. A moratorium exists on the state funding debt incurred by municipal governments incurred from Jan. 1, 2015 until July 1, 2020.
The House Finance Committee heard legislation introduced by Rep. Tammie Wilson, R – North Pole, that would extend that moratorium until 2025.