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Voices of Alaska: Oil industry crucial to Alaska economy 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...
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...
Parnell reiterates call for action on pension issue

...year, according to Parnell's budget office.Parnell has said a $3-billion transfer from the state constitutional budget reserve fund, divided between the public employees' and teachers' retirement systems, would lower annual payments...
Senate passes new approach to pension obligation a conference committee.The Senate, like Gov. Sean Parnell, proposed moving $3 billion from the constitutional budget reserve fund to help cover the state's nearly $12 billion pension obligation. But the Senate plan would divvy the...
Analysis lays out weighty deficit impacts

...Parnell's budget office, in laying out various scenarios of its own, showed funds in the statutory and constitutional budget reserve funds could be gone by fiscal year 2022 - or the state could still have billions saved up by 2024, depending...
Supplemental budget includes peninsula projects

...the administration over the vetoed projects. The supplemental budget also sends $2.6 billion to the Constitutional Budget Reserve Fund and another $1 billion to the Statutory Budget Reserve Fund. That might make spending money on the restored...
Lawmakers weigh savings

...Johnny Ellis, D-Anchorage. Ellis is the lead sponsor of SB142, which would move $2 billion from the Constitutional Budget Reserve Fund into the Permanent Fund. The measure would put another $2 billion from the reserve fund into a special...
Steady drip a call for rainy day PERS/TRS funding

...the operating budget. While Governor Palin has proposed to place $1.8 billion of the surplus into the Constitutional Budget Reserve Fund, I believe it would be more responsible to address the unfunded liability of PERS and TRS. The CBR is the state...


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