bond

This is Econ 919, your weekly look at how the Kenai Peninsula works. I’m Jenny Neyman.

As Alaska’s economy worsened and state and local governments ratcheted back spending, one of the first things to go by the wayside was money for facility replacements and improvements. Deferred maintenance has been the order of the day, but that day is catching up to the Kenai Peninsula Borough and school district.

The borough assembly and school board met in a joint session Tuesday to talk about a $30 million bond proposal they plan to put to voters this fall. 

“As you well know, the days of sending in our top 10 capital priorities request through our Legislature through Juneau is probably a thing of the past,” said Borough Mayor Charlie Pierce.