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House committee unveils operating budget

...have been told the state is facing a budget deficit of about $323 million this fiscal year, in part due to lower-than-expected oil prices. That hole is expected to be filled with reserves.The budget proposal released Monday trims $8.4 million...

http://peninsulaclarion.com/news/2013-03-04/house-committee-unveils-operating-bu
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Without cuts, Alaska faces budget deficit

...even though lawmakers last year left Juneau anticipating a surplus of $490 million - in part because of lower-than-expected oil prices. That hole is to be filled in by using money in reserves.Parnell has made clear his desire to limit spending...

http://peninsulaclarion.com/news/2013-01-14/without-cuts-alaska-faces-budget-def
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