Money is tight in Alaska this year. The state is looking at a $2 billion budget gap, and there’s talk of pulling $3 billion from savings accounts to fill in old liabilities. But reining in spending won’t be easy.

The Legislature is weighing big investments in Arctic infrastructure. And they're also reconsidering the state's role in paying for public education.

In this segment of The Exchange, Representative Bob Herron discusses those debates, and what they'll mean for the Aleutians.

Part 1: A proposal to build a new port in the Arctic.

Part 2: A rural take on education finance reform.