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...D-Anchorage, has proposed creation of a pension trust reserve fund and transferring $2 billion from the Constitutional Budget Reserve Fund to that new fund. In a statement, Ellis, a finance committee member, said Teal's testimony shows the...
...Johnny Ellis, D-Anchorage.Ellis is the lead sponsor of SB142, which would move $2 billion from the Constitutional Budget Reserve Fund into the Permanent Fund. The measure would put another $2 billion from the reserve fund into a special...
...billion.High oil prices have helped line Alaska's coffers: the state has an estimated $10 billion in the constitutional budget reserve fund alone.But this is just one of the challenges facing lawmakers. Oil production is declining, and by one...
...of the Alaska Permanent Fund. The state can't continue many more years taking money from the shrinking Constitutional Budget Reserve fund. Leaders in the state recognize this and have proposed actions that have strong support. There is no need...
...18 million to settle a dispute over taxes. The money was to be deposited Thursday into the state's Constitutional Budget Reserve Fund, the fund Alaska uses to bridge gaps in the state budget. Alaska relies on oil for more than 80 percent...
...bone. But when she got there, her cupboard was bare, and so the poor dog had none," Condon said. The Constitutional Budget Reserve Fund, used each year to cover the difference between revenues and state expenses, is on its way to going bare...
...lucky and hold the state budget deficit to $400 million that year. He planned to take money out of the Constitutional Budget Reserve Fund to cover the shortfall, just as the two governors before him had done. Then he got lucky. Oil prices...
...year is expected to be $1.2 billion short of that amount. The state is paying the difference from the Constitutional Budget Reserve fund, but only $700 million is available because of the limit set by legislators. The reserve fund holds oil...
...Update THE JUNEAU EMPIRE Scheduled this week: Monday 1 p.m. House Judiciary considers bill repealing the Constitutional Budget Reserve fund (HJR30). Room 120. 1:30 p.m. House Finance considers a bill that would reduce the amount of money...
...operating budget. While Gov. Sarah Palin has proposed to place $1.8 billion of the surplus into the Constitutional Budget Reserve Fund, I believe it would be more responsible to address the unfunded liability of PERS and TRS. The Constitutional...