This week the Senate Finance Committee is reviewing the Governor’s FY12 Capital Budget. The Governor’s budget proposes spending over $1.6 billion on infrastructure investments, including $645 million from the state general fund.
Capital spending stimulates private sector employment and has a tremendous impact on Alaska’s local economies. With a weak national economy, soft housing market and stagnant job growth, this year’s budget is especially critical. This budget will be developed with full public participation. These projects were vetted in an unprecedented, open and deliberative process.
On Thursday March 17th from 5pm-8pm the committee will be hearing public testimony on the proposed budget. If you wish to participate please visit your local Legislative Information Office (LIO). I look forward to hearing from Alaskans and working with colleagues to address our state’s infrastructure needs.
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