Over the last five years, the Haines Borough has spent $1.5 million more than it would have if the state hadn’t cut back on school bond debt reimbursements.
For a decade, the state covered 70% of the borough’s annual school bond debt payments, each about $1.3 million, as part of a statewide program dating back to 1970 that promoted the construction and maintenance of public schools.
In the 2020 fiscal year, the state slashed the…
