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Parnell discusses 5-year fiscal plan for Alaska

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JUNEAU, Alaska (AP) — Gov. Sean Parnell on Wednesday laid out a five-year fiscal plan that includes an annual decline in overall spending and a draw of up to $700 million from the state's savings. It came as he and legislative leaders look to rein in spending and absorb the near-term hit of a potential oil tax overhaul, with the expectation that tax changes will lead to more production....