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...