New capital budget is much lower than previous budgets

A conceptual rendering of the Knik Arm Bridge. Construction industry advocates support the project, but Gov. Bill Walker hasn’t pursued it. (Image courtesy Knik Arm Bridge and Toll Authority)
State lawmakers who voted to pass the capital budget Thursday said it will help the economy. But it will provide less help than it did just a few years ago.
It was more than twice as large then — $3.6 billion in 2013, in contrast with $1.4 billion in the new budget.
When oil prices fell in 2014,