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Legislative Finance director paints sobering budget picture

JUNEAU - The director of the Legislative Finance Division laid out a sobering picture of the state's budget outlook Thursday, saying the economic impact of cuts needed for a sustainable...
Alaska lawmaker wants to examine state's credits, exemptions

...which might need to be updated or scrapped. Thompson and his staff are working off a report compiled by the Legislative Finance Division that reviewed indirect expenditures under five state agencies. The report, born of a law spearheaded by Thompson...
CH2M Hill calls off Alaska unit sale

...might be less money to work with next year, and he said lawmakers might want to prefund the full amount. Legislative Finance Division Director David Teal said "short-funding," as he referred to it, can make the deficit for next year look...
Walker: Nothing off the table in Alaska budget talks

...and a potentially larger deficit next year amid the fall in oil prices, according to a new analysis by the Legislative Finance Division. Alaska relies heavily on oil revenue to fund the cost of government, and the state is expected to use savings...
Alaska faces lean budget times as oil prices fall

...your way out of this, not without some severe impacts on the economy," said David Teal, director of the Legislative Finance Division.Alaska is no stranger to oil's booms and busts. In the last few years, high oil prices helped insulate...
Senate passes new approach to pension obligation

...dollar amounts, information provided by the Legislative Finance Division and Buck Consultants indicates combined annual...are projections, not predictions, Buck and Legislative Finance Division Director David Teal have pointed out.Revenue...
Legislative negotiators seek education resolution

...years. The House approach, by comparison, would cost about $210 million over three years, according to the Legislative Finance Division.Sen. Lyman Hoffman, D-Bethel, said he doubted the education community would be satisfied with the House...
Tentative education deal overshadowed by Knik Arm

...Senate package was about $370 million, while the House proposal was about $210 million, according to the Legislative Finance Division.The compromise bill includes provisions that would allow secondary school students to test out of core classes...
Op-ed: Repeal and replace the giveaway

...those two projects combined. The giveaway's own backers call it a "gamble" and a "crapshoot," and the Legislative Finance Division says it will put the state in the hole $1.7 billion dollars next year alone. Worse yet, the governor told...
Panel proposes more school money, pension option

...period of decades and require contributions, potentially from state general funds, to pay future benefits.Legislative Finance Division Director David Teal said the plan, included within HB278, was designed to draw down the trust fund, but...


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