Governor Mike Dunleavy introduced a $356 million infrastructure proposal that would create jobs. Senate Bill 74 is the first statewide bond proposal in nearly 10 years that’s part of the Dunleavy Administration’s Path Forward.
$29.9 million will go towards the Sterling Highway milepost 45-60 from Sunrise to Skilak in the proposed projects of interest included in the general obligation bond. Gov. Dunleavy sent a letter on February 4th to Senate President Peter Micciche relating to get the approval of the voters proposing to put to question of issuing the general obligation bonds before voters at a statewide special election to be held 90 to 120 days after adjournment of the first regular session of the State Legislature.
Dunleavy says that if Senate Bill 74 is ratified, the projects will benefit Alaskans statewide by stimulating the economy, stabilizing the construction industry and improving transportation, education, and other critical facilities throughout the state. He says, “This statewide bond package is essential to stabilizing our economy and putting Alaskans back to work following the economic upheaval caused by the pandemic.”
Other projects of local interest include $3.1 million for Kenai Spur Road improvements, $4.9 million for the Homer Airport and $29.9 million for the University of Alaska infrastructure projects.
The proposal totals $356,405,952 and leverages a federal match of $1,003,471,000.