40 Alaska Business | March 2018 www.akbizmag.com
schools for urban school districts. This extra
cost, combined with the absence of population growth, has meant no urban districts are
building new schools.
Funding for schools also comes from the
proceeds of local bonds in urban areas like
Anchorage, Mat-Su, and the North Slope
Borough. This source of funds is relatively
stable and pays mostly for renovations and
upgrades to existing facilities.
There will be little University of Alaska
construction spending on buildings on either
main campus this year. The only large project
will be completion of the new power plant
in Fairbanks; the new engineering building
there is now complete.
Other Federal: $270 Million
Although the largest categories of federal
construction spending in Alaska are trans-
portation grants (highways and airports)
and national defense, there are several other
sources of federal spending that contribute to
construction activity. The largest of these is a
series of grants that support housing and safe
water programs in the state—and because
these grants have been stable over the years,
other federal spending has tended to be con-
stant from year to year, as will be the case in
Most of the funding for the state-admin-istered Village Safe Water program for rural
sanitation comes from federal sources, including the Environmental Protection Agency and the Indian Health Service. With the
state contribution, it is expected to be constant this year. Other types of federal grants
to the state fund armories and veterans’ facilities, among other things.
The federal government also provides con-
Cornerstone General Contractors was the contractor for the Wasilla Public Library.
Spenard Road Reconstruction Phase II.