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House committee advances $9.1B operating budget

By Associated Press 11:51 AM March 12, 2014

Bill scheduled for House vote this week

JUNEAU, Alaska (AP) – The House Finance Committee has advanced a $9.1 billion state operating budget.

The final version of the bill is about $1.6 million less than what the committee proposed last week. Much of the difference was because of a reduction of about $2.3 million for school construction and debt service.

Overall, the package is about $1.3 billion less than the level of authorized spending at the start of the current year. It is about $43 million less in unrestricted general funds than what Gov. Sean Parnell proposed.

Lawmakers haven’t decided whether to provide a cash infusion to address the state’s roughly $12 billion unfunded pension liability or to continue the current payment schedule.

The bill was scheduled for a House vote this week. It still must be considered by the Senate.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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