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Policy: Budgets & Deficits

Senate Finance proposes $9.1 billion operating budget

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Associated Press,Alaska,Budgets and Deficits,Senate Finance Committee

JUNEAU, Alaska (AP) — The Senate Finance Committee has proposed a $9.1 billion state operating budget, comparable in size to the package the House recently passed.

The bill is about $190,000 smaller than the House version and $1.3 billion smaller than the authorized level of spending at the start of the current fiscal year.

Neither the Senate nor the House version has dealt with the state's unfunded pension liability issue, which remains unresolved with session scheduled to end next month.

The Senate version eliminates funding for the high school graduation exam, which Gov. Sean Parnell has proposed scrapping.

It also includes $1.4 million for the Alaska Youth First Program, a grant program aimed at helping young people learn about and prepare for careers. Parnell requested $2.4 million for the program, funding the House cut.

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