Lt. Gov. Treadwell Announces Cost Estimate for Coastal Management Program Initiative
December 16, 2011, Anchorage, AK – Lieutenant Governor Mead Treadwell announced today the estimated costs to the State of Alaska of the initiative which would establish an Alaska Coastal Management Program. The Division of Elections will now print numbered petition booklets for initiative sponsors to gather signatures throughout the state.
The booklets, containing a copy of the proposed bill, an impartial summary of the subject matter, the statement of costs, and room for signatures, should be ready for distribution to sponsors next week.
“The estimated total cost of this program during the next five years is $27.0 million,” Lt. Gov. Treadwell’s report states. “Of that estimated cost, the minimum expenditure by the State of Alaska under this initiative during the next five years, if it becomes law, is $22.3 million.”
Of the annual estimated program cost of $5.4 million, federal support is estimated to be up to a maximum of $2.0 million per year after year five of the program, if approved by the U.S. Department of Commerce and appropriated by Congress.
The cost estimate does not provide for inflation and excludes potential litigation expenses and revenue impacts to the State of Alaska. Lt. Gov. Treadwell’s statement of costs also notes that many decisions made by the proposed Coastal Management Board could affect the actual cost of the program.
The estimates of costs were prepared by the Governor’s Office of Management and Budget in consultation with the state agencies that would be affected by or administer the proposed program, the Division of Elections, and the Office of the Lieutenant Governor.
The lieutenant governor’s statement of costs and the complete budget estimate is available online at http://ltgov.state.ak.us/pdfs/elections/initiatives/2011/11ACMP-StatementOfCosts.pdf.