ANCHORAGE, Alaska—Most of the interest in this year’s election has been focused on the candidates in the U.S. Senate and governor’s races, but Alaska voters will also consider two propositions at the polls Tuesday.
Proposition A would help fund a program that provides low-interest housing loans to veterans. The Alaska Housing Finance Corp. needs voter approval to issue $600 million in state-guaranteed bonds, and says funds for the program might run out next year if Prop A doesn’t pass.
More than 70 percent of voters approved the previous bond proposition to fund the program in 2002.
Meanwhile, Proposition B would help pay for upgrades to schools, libraries and research facilities, as well as helping to pay for schools in rural Alaska.
The nearly $400 million bond package includes $88 million for a life-sciences building at the University of Alaska Fairbanks, almost $19 million to renovate the state Archives and Museum building in Juneau, and $60 million for a new arena at the University of Alaska Anchorage.
Lawmakers debated whether to pay for some of the projects outright during the last legislative session, but decided Alaska voters should have the final say.
Prop B would not increase property taxes.
Contact Ted Land at firstname.lastname@example.org