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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
Governor's pension plan gets municipal support

...mayors, assembly members and borough finance directors praised Parnell's plan to move $3 billion from the constitutional budget reserve fund toward addressing the public employees' and teachers' retirement systems. At least 19 local governments...
State | AK legislature
Gov. reiterates call for action on pension issue

...year, according to Parnell's budget office.Parnell has said a $3-billion transfer from the state constitutional budget reserve fund, divided between the public employees' and teachers' retirement systems, would lower annual payments...
State | AK legislature
Analysis lays out weighty deficit impacts

...Parnell's budget office, in laying out various scenarios of its own, showed funds in the statutory and constitutional budget reserve funds could be gone by fiscal year 2022 - or the state could still have billions saved up by 2024, depending...
Gov. proposes $3B toward state pension shortfall

...contribution, or 401(k)-style, benefit in 2005.Parnell is proposing moving $3 billion from the constitutional budget reserve fund, the flusher of the two funds and the harder for legislators to tap, with about $1.9 billion going...
Boost the Alaska economy, not its taxes

...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...
BP Exploration settles tax dispute and agrees to pay state $18 million

...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...
Dividend amount is $1,540

...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...


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