Future Funding in Question for Kenai Peninsula Economic Development Dist.

The funding of the Kenai Peninsula Economic Development District is hanging in the balance in Juneau. During the 90-days that state lawmakers spent in the state’s capital, the sunset date for the Alaska Regional Development Organizations or ARDOR was not extended past June 30th. The ARDOR package included the funds for the KPEED. John Torgerson is the Executive Director of the Kenai Peninsula Economic Development District

 

Togerson: “The reason it didn’t pass was, basically the bill was amended in the senate to include a fishery issue that was taking place in the Bearing Sea. When they sent the bill back to the house, the house didn’t concur with the changes, so they appointed a conference committee, and the time just ran out on it. Our hope is, at least my hope is, when the legislature goes back into session, the senate will resend their amendments, the issue is kind of dead on their side, and then just concur with the bill the house sent over, then we get our money retroactively.”

 

We asked if the funding issues will affect the local agency

 

Torgerson: “We’ll have to take some out of our little fund balance that we have, and we’ll continue to doing everything we’ve done. Some of the surveys and economic reports that we kick out will probably delay those to sometime later on, when that money comes in.”

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