JUNEAU, Alaska (AP) ­– The Alaska Senate is proposing school funding cuts and phasing out a scholarship program the Senate majority says hasn’t met expectations.

Senate Finance Committee Co-Chair Lyman Hoffman says a $69-million cut to a school funding formula is being considered as part of a larger budget-cutting strategy.

The Senate also is proposing steps intended to improve education, including repurposing a fund for scholarships to instead provide education innovation grants.

Under one proposal, this year’s high school graduating class would be the last to receive merit-based sc...