Gov. Mike Dunleavy introduced a $356 million infrastructure bond proposal – the first statewide borrowing measure in nearly 10 years.
SB 74 has projects for nearly every corner of the state — transportation, education, recreation, and communications systems throughout the state. If passed by the Legislature, the general obligation bond will go to a vote of the people.
Ironically, it could set up a special election date that may coincide with a recall election hoped for by the Recall Dunleavy Committee. That committee says it is 70 percent through its needed signatures to get on a statewide ballot.
“This statewide bond package is essential to stabilizing our economy and putting Alaskans back to work following the economic upheaval caused by the pandemic,” Dunleavy said. “Not only will this proposal create jobs, it will improve critical infrastructure for all Alaskans. I look forward to working with the Legislature to take this to a vote of the people following the 2021 legislative session.”
The proposal leverages a federal match of $1,003,471,000. Projects of interest included in the general obligation bond include:
- $8.5M to West Susitna Road Access project
- $25M to School Major Maintenance Grant Fund
- $18.9M to Fairbanks Youth Facility
- $2.4M to Fairbanks Pioneer Home
- $19.5M to Alaska Vocational Technical Center upgrades
- $12M to Alaska Public Safety Communication Services System upgrades
- $13.2M to Fairbanks to Seward Multi-Use Recreation Trail Construction
- $20M to Statewide Firebreak Construction Program
- $2.4M to Alaska Wildlife Troopers Marine Enforcement repair and replacement
- $4.2M to Bethel Airport
- $8.3M to Craig Harbor
- $28.8M to Dalton Highway repairs and upgrades
- $540K to Denali Highway Mile Point 24-25
- $5.6M to Ketchikan South Tongass Highway
- $29.9M to Sterling Highway Miles 8-25
- $9.3M to Unalaska Harbor
- $29.6M to University of Alaska infrastructure projects