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Leaders raise potential of budget vote without reserve draw

...raised the potential of passing a state spending plan without a vote authorizing a draw from Alaska's constitutional budget reserve fund.House Speaker Mike Chenault said if the House and Senate majorities reach an agreement on education funding...
House Democrats, Walker see Medicaid expansion as priority

...It is expected that three-quarters of each of the House and Senate will need to support a draw from the constitutional budget reserve fund to cover the state government's costs. The state is facing a projected multibillion-dollar deficit...
Empire Editorial: Reinbold a champion but gets pariah treatment

...who consider themselves fiscal conservatives.The House Majority needs 30 votes to access the state's Constitutional Budget Reserve Fund. They now only have 26. Getting four minority members to cross the line will come with a price, most...
Reinbold: 'I'm hoping my colleagues respect my decision'

...the game," she said. "Alaskans can't have their hand out."She said her goal is to "protect" the constitutional budget reserve fund, a state savings account that holds about $11 billion. Legislators have talked this session about dipping...
Reinbold booted from caucus

...together," she said.Reinbold said in an interview last week that a major goal of hers is to protect the Constitutional Budget Reserve Fund - a state savings account - from being tapped to balance the budget. Majority and minority representatives...
State | AK legislature
Three things to watch

...ultimately is included in the budget since legislators expect they will need a three-fourths vote to tap the constitutional budget reserve fund to help cover budget costs.Formula programs, like education and Medicaid, are budget drivers. Senate...
State | AK legislature
My Turn: Alaska's budget: A history

...of July 1, the balance in the Statutory Budget Reserve Fund was $4.82 billion and the balance in the Constitutional Budget Reserve Fund was $12.78 billion. At least initially, these savings accounts will be tapped to cover current budget...
Oil is critical to Alaska's economy in the bank, thanks to our oil revenue: $50 billion in the Permanent Fund, $12.4 billion in the constitutional budget reserve fund and $4.8 billion in the statutory budget reserve.On a more personal level, oil revenue contributes...
Education a sticking point as session ends

...additional education funding. The capital budget also contains language to appropriate $3 billion from the constitutional budget reserve fund to address the state's pension obligation. Such an authorization calls for a three-fourths vote in...
State | AK legislature
Senate passes new approach to pension obligation a conference committee.The Senate, like Gov. Sean Parnell, proposed moving $3 billion from the constitutional budget reserve fund to help cover the state's nearly $12 billion pension obligation. But the Senate plan would divvy the...
State | AK legislature


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