90 days ends with no budget resolution
April 20, 2017
The allotted 90 days of the Alaska Legislature’s 30th session has passed by with two leading bills on the coming year’s budget still awaiting reconciliation.
The House last week passed a version of Senate Bill 26, which among other things allots 75 percent of Permanent Fund earnings to the state’s operating funds and ties earning computations to a market value model. The House version differed from that initially put forward by the Senate, notably eliminating an appropriation limit of $4.1 billion and reducing the draw from the earnings reserve when oil revenues are about $1.4 billion...