Wrangell Sentinel -

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 state trea...