Wrangell Sentinel -

By Larry Persily
Wrangell Sentinel 

Senate committee proposes restoring full school debt repayment

 

April 27, 2022



The borough could receive about $300,000 under a Senate Finance Committee plan to pay back municipalities across Alaska for years of short-funding of the state’s share of local school construction bond debt.

The committee version of the state budget includes $221 million to pay back municipalities for incomplete state reimbursement payments going back five years.

Years of low oil prices and large state budget deficits prompted governors to short-fund the reimbursements, with legislators lacking enough votes to override budget vetoes. This year’s $100-plus oil prices are swelling the sta...



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