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Egan: 'Nothing is going to happen Friday'

...state government in operation from the beginning of the fiscal year starting July 1 to partway through August.Legislative Finance Division Director David Teal said it's complicated, but "I suspect that you'd have a problem even getting through...
State | Local | AK legislature
My Turn: Alaska shouldn't balance its budget off of seniors, youth

...production tax revenue than we pay out.And here's something to chew on: It's a fact that our non-partisan Legislative Finance Division keeps repeating, but that doesn't make it into the press much. Alaska's $3 billion-plus budget deficit...
By the numbers: Alaska budget debate, attempts to fix it

...the budget debate:$6.9 billion: Projected deficit between this fiscal year and next, according to the Legislative Finance Division.$94 million: The amount of state money Walker proposed adding to the budget passed by legislators.May...
Walker asks for more action in limbo session

...year," he said.One meeting was held Wednesday - the Senate Finance committee heard a presentation from Legislative Finance Division Director David Teal on Alaska's budget outlook. Senate leaders are waiting for a deal to be struck between...
State | AK legislature
Alaska Legislature has multiple paths to resolving fiscal impasse - including a government shutdown

...operating and capital budgets - but they have until July 1, the start of the new fiscal year, to do it, Legislative Finance Division Director David Teal said."That is essentially the only requirement they have during the session," he said...
State | AK legislature
House panel advances bill to nix state employee pay raises

...Separate legislation is needed to reduce the salary schedule for non-covered employees, the director of the Legislative Finance Division has said. The employees have been in line for a cost-of-living increase of 2.5 percent for the coming...
Finance director paints sobering budget picture

JUNEAU - The director of the Legislative Finance Division laid out a sobering picture of the state's budget outlook Thursday, saying the economic impact of cuts needed for a sustainable...
State | AK legislature
Lawmaker wants to examine state's credits, exemptions

...which might need to be updated or scrapped.Thompson and his staff are working off a report compiled by the Legislative Finance Division that reviewed indirect expenditures under five state agencies. The report, born of a law spearheaded by Thompson...
State | AK legislature
Gov: Cuts won't be made lightly

...Deficits began two years ago and the state is burning through reserves at a rapid pace, according to the Legislative Finance Division.Walker said that if oil price projections hold and the state is disciplined in its spending, he believes...
State | AK legislature
Walker: Nothing off the table in budget talks

...and a potentially larger deficit next year amid the fall in oil prices, according to a new analysis by the Legislative Finance Division. Alaska relies heavily on oil revenue to fund the cost of government, and the state is expected to use savings...


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