Lifetime Citizen Portal Access — AI Briefings, Alerts & Unlimited Follows
House Finance hears Senateversion of capital budget; Senate adds $156 million
Loading...
Summary
David Scott, staff to Senate Finance, told the House Finance Committee the Senateversion of SB 214 adds $156 million to the governor's capital request and would bring total capital spending to about $2.47 billion, with a large share coming from unrestricted general funds to address a $2.4 billion deferred maintenance backlog.
David Scott, staff to Senator Stedman and staff to the Senate Finance Committee, told the Alaska House Finance Committee on April 23 that the Senateversion of the capital budget (SB 214) adds $156,000,000 to the governor's underlying capital request.
"The governor submitted a capital budget that was very lean. It was basically a match-only budget," Scott said as he walked members through the committee packet of documents labeled A through F.
Scott said the Senate is directing additional funds to deferred maintenance across state assets and that the Senate is balancing its capital plan on a conservative oil-price assumption. "The Senate capital budget adds 156,000,000 in total spending," he said, adding that combined with federal funds the package leverages about $2.47 billion in total spending.
The presentation identified major categories of spending: $17.1 million added for University of Alaska deferred maintenance across the top three projects at UAF, UAA and UAS; $88.7 million toward Kthrough12 deferred maintenance and construction; and multiple project-specific appropriations and reappropriations scattered through the bill language. Scott told members that 88.7% of the $88.7 million for Kthrough12 cited in the packet is UGF and that the capital budget is intended to begin addressing Alaska's approximately $2.4 billion deferred maintenance backlog.
Committee members asked process and source questions during the presentation and requested follow-up detail on funding sources for several line items, including the spill prevention and response fund and specific reappropriations. Scott said some fund-source questions will be resolved in conference committee and offered to provide additional detail where staff had requested it.
The committee recessed after a question-and-answer period; co-chair Shrogy closed the morning session at 10:00 a.m. and said the committee would reconvene at 1:30 p.m.
The presentation and committee questions did not include any formal motions or votes.
