Hundreds of millions in bonds on ballot

Oct 31, 2012 -- 10:38am


- ANCHORAGE, Alaska (AP) - Alaska voters are being asked to decide hundreds of millions of dollars in construction bonds in the upcoming general election. bProposition A would allow the state to go more than $435 million in debt for construction projects. The Anchorage Daily News says the projects range from money to build the first leg of a road to Nome to another $50 million on the troubled Anchorage port expansion project. Proposition A would authorize more than $254 million for state Department of Transportation road projects as well as one airport. It also would authorize spending more than $195 million for ports, harbors and other projects. The Legislature already has approved $2.9 billion in spending on capital projects of all kinds for communities across the state.

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