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Home > News > Lawmakers devour huge, oil-fed surplus

May 14th, 2006

Lawmakers devour huge, oil-fed surplus

When legislators arrived in Juneau in January facing a billion-dollar budget surplus, they vowed to be careful and try to salt away half the money for the future.

In the closing days of the legislative session last week, it seemed caution was being thrown to the wind. Over the final weekend, the House Finance Committee added $275 million in scores of local-interest projects to create a record-breaking capital budget. Among the last-minute projects: nanotechnology development in the Mat-Su Borough ...


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