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Walker says he won't rescind special session proclamation

...the fiscal year starting July 1. The House fell short of the votes needed to authorize a draw from the constitutional budget reserve fund. Support was needed from members of the Democratic-led minority to meet the necessary threshold, but...

http://peninsulaclarion.com/news/2015-04-29/walker-says-he-wont-rescind-special-
News
Legislature adjourns; governor calls special session

...for next year after the Democratic-led House minority failed to support the budget and a draw from the constitutional budget reserve fund to cover costs. Minority members opposed the budget's cuts to education and its rejection of negotiated...

http://peninsulaclarion.com/news/2015-04-27/legislature-adjourns-governor-calls-
News
Leaders raise potential of budget vote without reserve draw

...raised the potential of passing a state spending plan without a vote authorizing a draw from Alaska's constitutional budget reserve fund. House Speaker Mike Chenault said if the House and Senate majorities reach an agreement on education funding...

http://peninsulaclarion.com/news/2015-04-25/leaders-raise-potential-of-budget-vo
News
Agreement reached by Senate, House majorities

...raised the potential of passing a state spending plan without a vote authorizing a draw from Alaska's constitutional budget reserve fund.House Speaker Mike Chenault said if the House and Senate majorities reach an agreement on education funding...

http://peninsulaclarion.com/news/2015-04-25/agreement-reached-by-senate-house-ma
News
Legislature headed for overtime

...minority. It has been expected that a three-fourths vote would be called for to draw from funds from the constitutional budget reserve fund to help balance the budget. In the House, that would require Democratic support to meet that threshold...

http://peninsulaclarion.com/news/2015-04-19/legislature-headed-for-overtime
News
Walker: Medicaid expansion, Interior energy bill must-haves

...end when oil flowed and prices were high. Walker acknowledged that the state's ability to replenish its constitutional budget reserve fund has been "significantly modified.""That's why we have to look at this significantly differently and...

http://peninsulaclarion.com/news/2015-03-25/walker-medicaid-expansion-interior-e
News
Budget, confirmation hearing expected in legislature

...ultimately is included in the budget since legislators expect they will need a three-fourths vote to tap the constitutional budget reserve fund to help cover budget costs. Formula programs, like education and Medicaid, are budget drivers. Senate...

http://peninsulaclarion.com/becky-bohrer/2015-03-08
News
Gov. Walker says he's haunted by savings draw-down rate

...situation as dire but has cautioned against panic.Depending on spending and oil prices and production, the constitutional budget reserve fund could last until the early 2020s or be gone in the next couple years.The state is pursuing a major liquefied...

http://peninsulaclarion.com/news/2015-01-24/gov-walker-says-hes-haunted-by-savin
News
Voices of Alaska: Oil industry crucial to Alaska economy

...in the bank, thanks to our oil revenues: $50 billion in the Permanent Fund, $12.4 billion in the constitutional budget reserve fund and $4.8 billion in the statutory budget reserve.On a more personal level, oil revenues contribute...

http://peninsulaclarion.com/opinion/2014-06-10/voices-of-alaska-oil-industry-cru
Opinion
Panel proposes more school money, pension option

...Annual payments would start out at about $160 million.At the start of the current fiscal year, the constitutional budget reserve fund - which requires a three-fourths vote of the House and Senate to tap - had about $11.6 billion.Neither...

http://peninsulaclarion.com/news/2014-04-01/panel-proposes-more-school-money-pen
News

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