Senate passes $2.8 billion capital budget

Posted: Wednesday, April 14, 2010

JUNEAU - The state Senate has passed a nearly $2.8 billion capital spending plan.

The package includes deferred maintenance and other infrastructure projects. It also authorizes using $380 million in certain bond proceeds for projects like university arena and building projects and school construction work.

The measure goes to the House, where it could grow.

Gov. Sean Parnell has criticized the spending as too high; Sen. Bert Stedman questioned whether it was high enough.

The finance committee co-chair said the first thing legislators did was save - then put money toward agency and community priorities and into areas like roads, ports and harbors. Stedman said projects were left out.

If the bond package were removed, he said spending would be in line with recent years. Voters must approve that bonding.

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