Senate committee proposes full school debt repayment

The Haines Borough could receive about $2.1 million under a Senate Finance Committee plan to pay back municipalities across Alaska for years of short-funding of the state’s share of local school construction bond debt.

The committee version of the state budget includes $221 million to pay back municipalities for incomplete state reimbursement payments going back five years.

Years of low oil prices and large state budget deficits prompted governors to short-fund the reimbursements, with legislators…