Tomorrow Anchorage voters will decide whether to approve a $59 million school bond package, which may be the last the state supports until 2020. Lawmakers last week approved a bill which would freeze the reimbursements for five years as they work to get state spending under control.
Kenai Peninsula Borough Mayor Mike Navarre said last year’s $23 million bond package won’t be affected, which took care of the most pressing improvements, except …
KPB Mayor Navarre: “The Homer roof project has not been address yet. We were looking at doing bonds for that which would have been reimbursed by the State at 70%.”
Navarre said the Borough is well positioned to ride out the necessary cuts, at least in the short term.
KPB Mayor Navarre: “The reality is that they’re looking at what areas are driving their budget and trying to get a better control on it, because they’ve got a serious fiscal problem that they’re trying to deal with, so I can’t blame them for looking at that, and I also think that whatever they do, it’s always subject to change.”
Under the current bill, school bonds would be reintroduced after five years, but at a reduced reimbursement rate.
