Representative Adam Wool

Share on Facebook  JULY 28, 2017

Legislature Finally Passes Capital Budget

Dear Friends, Neighbors, and fellow Fairbanksans:

Yesterday, July 27, the Legislature finally passed SB 23, the capital budget, which funds infrastructure projects across the state. I joined the majority of my House colleagues, who voted in favor 27 to 13. The Senate vote was 15-4.​ I'm glad the Legislature passed this bill before August 1, after which the Governor said projects could be delayed. This capital budget will create some much needed jobs in the Fairbanks area and around the state. 

With a state investment of only $121 million, SB 23 leverages almost $1.2 billion in federal matching funds. $1.078 billion of these federal dollars are planned for Alaska Department of Transportation (DOT) road and airport projects already in the Statewide Transportation Improvement Program (STIP). This year the capital budget included a new way of allocating federal money that will allow DOT some flexibility should projects become delayed for whatever reason; but the current plan for this federal money being distributed in the Fairbanks area includes:


  • Fairbanks International Airport – Equipment: $487,500
  • Fairbanks –  Gold Mine Trail Road Upgrade: $2.5 million
  • Fairbanks –  Old Nenana/Ester Hill Rehabilitation: ​$13 million
  • Fairbanks –  University Ave Rehabilitation: Thomas St to Chena River: $34 million
  • Fairbanks Metropolitan Area Transportation System (FMATS) Projects, Flexible: $10 million  

In addition, SB 23 included:

  • $5 million to the University for deferred maintenance
  • $2.47 million for Fairbanks heating device exchange
  • $20 million to pay down the state’s oil and gas tax credit liability (in addition to $57 million in the operating budget)

Note: Passage of the capital budget did not include an additional appropriation to the Permanent Fund Dividend Program.

The Legislature’s Job Is Not Done – Alaska Needs a Fiscal Plan

The only thing left on the Legislature’s agenda is the most important: a sustainable fiscal plan. I believe the Governor will call a final special session later this Fall for the Legislature to consider a fiscal plan. The Legislature has reached consensus on Oil and Gas taxes and now also on the capital budget: let’s hope this is a harbinger of further compromise on a fiscal plan – compromise the future of the great state of Alaska depends on.

signed: Adam Wool
Representative Adam Wool

 

  MY OFFICE

SESSION
State Capitol Bldg. Room 420
Juneau, AK 99801
P (907) 465-4976

INTERIM
1292 Sadler Way
(AlaskaUSA Credit Building)
Fairbanks, AK 99701
P (907) 452-6084

Rep.Adam.Wool@akleg.gov
http://www.repadamwool.com/

Rob Earl - Legislative Aide
+1 (907) 465-6959
Rob.Earl@akleg.gov
Laura Stidolph - Legislative Aide
+1 (907) 465-6879
Ashley.Strauch@akleg.gov
Ashley Strauch - Legislative Aide
+1 (907) 465-4976
Laura.Stidolph@akleg.gov

  FAIRBANKS - DISTRICT 5

Geist, College, Chena Ridge, Chena Pump, Cripple Creek, UAF Campus, Richardson, and Parks Highway.
 

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675 7th Avenue, Suite H5
Fairbanks, AK 99701-4596
T (907) 451-2920 F (907) 451-2858
EMAIL: Governor Bill Walker

STATE of ALASKA
http://alaska.gov/

State Info (907) 269-5111

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