2024-01-16                     Senate Journal                      Page 1345
SB 187                                                                                                                        
SENATE BILL NO. 187 BY THE SENATE RULES COMMITTEE                                                                               
BY REQUEST OF THE GOVERNOR, entitled:                                                                                           
                                                                                                                                
          "An Act making appropriations, including capital                                                                      
          appropriations and other appropriations; making                                                                       
          reappropriations; making appropriations to capitalize                                                                 
          funds; and providing for an effective date."                                                                          
                                                                                                                                
was read the first time and referred to the Finance Committee.                                                                  
                                                                                                                                
Governor's transmittal letter dated January 15:                                                                                 
                                                                                                                                
Dear President Stevens:                                                                                                         
                                                                                                                                
Under the authority of Article III, Section 18 of the Alaska                                                                    
Constitution, I am transmitting a bill relating to appropriations for the                                                       
State’s capital budget for Fiscal Year (FY) 2025.                                                                               
                                                                                                                                
This appropriation bill totals $3.5 billion and includes $305.2 million                                                         
in unrestricted general funds, $76.2 million in designated general                                                              
funds, $172.4 million in other state funds, and $3.0 billion in federal                                                         
funds.                                                                                                                          
                                                                                                                                
The FY 2025 proposed capital budget invests in projects that enhance                                                            
public protection and generate economic activity for the State,                                                                 
provides matching funds for federal surface transportation and                                                                  
aviation, water and wastewater programs, and funds deferred                                                                     
maintenance programs for aging State assets.                                                                                    
                                                                                                                                

2024-01-16                     Senate Journal                      Page 1346
I look forward to working with the Legislature on the timely passage                                                            
and implementation of the FY 2025 capital budget.                                                                               
                                                                                                                                
Sincerely,                                                                                                                      
/s/                                                                                                                             
Mike Dunleavy                                                                                                                   
Governor