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House Finance Comm. Proposes $9.1 Billion Budget

Published On: Mar 04 2014 06:00:00 AM AKST
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The House Finance Committee has proposed a $9.1 billion state operating budget.
That compares to Gov. Sean Parnell's $12.2 billion proposal. But it took out the $3 billion that Parnell proposed be transferred from savings to help pay down the state's unfunded pension liability. Lawmakers have not yet decided how to address that issue.
The authorized level of spending at the start of the current fiscal year was $10.5 billion.
Subcommittees were asked to find cuts without harming the critical services of departments.
The bill unveiled by the committee Monday cuts about $41 million in unrestricted general funds from what Parnell proposed. That category of funding refers to money that isn't restricted in its use by the law, constitution or something else.
Public testimony will be taken this week.