by The Associated Press
Saturday, April 10, 2010
JUNEAU, Alaska -- The Senate Finance Committee has approved a $2.8 billion capital spending plan.
The measure includes bond authorization for $380 million in education and research projects that would need voter approval.
The measure, passed out of committee late Saturday, is set to go to the floor Sunday. The proposed spending package ranks among the highest -- and could end up being the highest -- of at least the past decade.
Legislative analysis shows the enacted capital budget for the 2009 fiscal year was about $3.1 billion, $1.1 billion of which was general fund dollars. The budget for the current fiscal year was $1.4 billion, with about $280 million from the general fund.
The current capital budget, which includes deferred maintenance, supplemental and capital projects, has $1.2 billion in general fund dollars.
