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House bill would access CBR by putting Permanent Fund earnings off limits

...from the Constitutional Budget Reserve, or CBR, is required to cover the 2016 fiscal year...Dividend checks at risk.Drawing from the CBR requires three-quarters of the both houses...expansion to vote for the draw.However, the CBR only requires a three-quarters vote when...
Standard and Poor's downgrades Alaska rating outlook

...billion or more, and is to be covered with a withdrawal from the Constitutional Budget Reserve, or CBR.However, at current projected deficits, the CBR will be depleted within a few years, leaving the state accounts with only the Permanent Fund principal...
What others say: Reserve funds transfer would hurt state's future fiscal options

...least for the majority caucus, is that the CBR requires a three-quarters vote by the...floated a plan that would allow them to access CBR funds by a majority vote - bypassing the...the balances of other reserve funds.The CBR can be accessed by a simple majority in...
Lawmakers sweep $94 million into rainy day fund

...minority to get enough votes to access the CBR.But with the right financial able to make a smaller draw from the CBR than it did last year, circumventing available to be appropriated from the CBR this year than was taken the year before...
Legislators may get last word on gasline funds

...state Constitutional Budget Reserve, or CBR, to completely fund the fiscal year 2016...About $8.5 billion is currently in the CBR fund.The state Constitution requires a...account, leaving only the money in the CBR.That still left about $1 billion in the...
Legislature adjourns, convenes new session in Anchorage over minority objections

...funds from all the available state savings accounts to pay for the $2.1 billion and get around a three-quarter majority CBR vote."Most of those programs, whether it's scholarships or Power Cost Equalization, we can still fund those they will...
What others say: Compromise is a worthwhile gamble

...Walker's plan. All we ask is that lawmakers do the same. Agree to more cuts and less spending than you want. Vote to tap the CBR. Spend from the earnings reserve. Any option will be unpopular, but there must be a decision.Alaskans have denounced the...
Senator wants windfall tax revenue to repay Constitutional Budget Reserve

...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...
Steady drip a call for rainy day PERS/TRS funding

...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...
Local lawmakers eye Palin's proposals

...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...


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