A measure setting up a road-and-ferry savings account has cleared its first state Senate committee.
What’s called the transportation infrastructure fund would also pay for airport, harbor and similar projects.
House Joint Resolution 10 has gained support from construction and development groups.
At a recent hearing, Tom Brice said the three laborers’ unions he represents support the measure.
“It breaks down some constitutional barriers that exist in terms of establishing long-term planning for the transportation needs to the state.”
Wrangell Republican Representative Peggy Wilson authored the resolution, which the House approved in March. It passed out of the Senate Transportation Committee yesterday.
Wilson told the panel the measure resurrects a system used in territorial days.
“There were already two transportation funds in existence before we became a state. One was for roads and one was for ferries and harbors. So we’re combining both of them into one.”
The next stop is the Senate Finance Committee, then the chamber’s floor.
Wilson’s resolution would put a constitutional amendment before voters in November. Passage would allow the fund to be created.
Separate bills establishing and appropriating $2 billion into the fund are not expected to pass this year. Wilson says that will come later.
She says the fund would pay for more transportation projects. Critics, including the governor, say it could shrink the amount of money spent.
Watch the committee hearing courtesy of Gavel Alaska:
- The Government Finance Officers Association says these bonds involve considerable investment risk.
- Meet the stars of Femme Fatale, Juneau's annual drag fundraiser for the Alaskan Aids Assistance Association.
- Norton Gregory is running for Juneau Assembly in the upcoming municipal election.
- Alaska’s largest ferry will be down for repairs longer than expected. Another ship will fill in, but it’s smaller and some travelers will have to make other arrangements.