...the Legislature has had to borrow over $5 billion from the CBR and now in times of high surplus we should pay back those loans...criteria were met the previous year to allow for a payment to the CBR. Preliminary financial calculations suggest the amendment would...

...responsible to address the unfunded liability of PERS and TRS. The CBR is the state?s ?rainy day? fund, created in 1990 to receive...3 majority. Under the constitution, any money used from the CBR is ?borrowed,? and is supposed to be paid back. However...

...Budget Reserve and into debt owed to the Teacher Retirement System and the Public Employees Retirement System. "We owe the CBR about $4 billion and we owe the PERS/TRS funds an excruciating amount about $10 billion," he said, adding he would put...

...from the reserve fund in prior years to finance deficit budgets, the governor said. Under state law, funds taken out of the CBR must be repaid at some point, and the pace of repayments has been slow. The Legislature has appropriated about $5.5 billion...

...both lawmakers and Gov. Tony Knowles. ''I think we're seeing the effect of the Constitutional Budget Reserve. I think the CBR has outlived its time,'' said Sen. Gary Wilken, R-Fairbanks. Cash from the state's budget reserve, a $2.4 billion...