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Pitney: Cuts only one piece of budget picture

...savings to help balance the budget. Depending on factors like the price of oil and state spending, the constitutional budget reserve fund, from which money currently is being drawn to cover costs, could be depleted in the next few years.The...
Alaska Editorial: Reserve transfer would hurt state's future fiscal options the accounts to help keep the state afloat for at least a few years - mostly in the $10.1 billion Constitutional Budget Reserve fund. The bad news, at least for the majority caucus, is that the CBR requires a three-quarters vote by...
Tuck: Budget deal doesn't seem any closer

...Chenault have been talking in a bid to put together a package that would garner sufficient support to use the constitutional budget reserve fund to cover costs for the fiscal year starting July 1. But there appears to be little movement from the positions...
Questions linger as date for lawmakers to reconvene looms

...funded budget for the fiscal year beginning July 1. The House fell short of the votes needed to tap the constitutional budget reserve fund to cover costs. Support from the Democratic-led minority was needed to reach the required threshold...
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...
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...


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