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Falling oil prices gouge state budget deeper

...interest rates on any bonds the state issues, making them less effective. The state has a AAA rating on general obligation bonds and an AA+ rating on appropriation-backed bonds, the highest and second-highest possible ratings.At Monday's...
Standard and Poor's downgrades Alaska rating outlook

...and Poor's wrote that the current budget deficit is inconsistent with the state's "AAA" rating on its general obligation bonds and its "AA+" on appropriation-backed bonds, but cited the state's still healthy budget reserves as a bridge...
Bonds net low rates

...has sold $200 million in voter-approved general obligation bonds, using the state's strong financial position and...approved by 60 percent of voters in November. General obligation bonds must receive voter approval. Despite recent turmoil...
Borough to host Kenai Spur improvements open house

...way to minimize (moose) conflicts," he said.The project currently has $20 million from 2012 state general obligation bonds.The five-lane option has a price tag of $40.5 million and the four-lane divided alternative is $69.6...
CPH expansion funding passes

...think is right, but wanted more time so that he too could know more.While a public vote is needed to issue general obligation bonds, which leverage tax dollars against the bonds, none is required to sell revenue bonds as they are propped against...
Assembly supports $43 million bond sale for CPH expansion

...rely upon the borough's credit, said Kenai Peninsula Mayor Mike Navarre. Using revenue bonds rather than general obligation bonds to finance the expansion was his idea. The only people at risk are those who buy the bonds, there is nearly zero...
Assembly swears in new members, vetoes planning commission decision

...Affairs for emergency management operations;- Allowing the borough to borrow up to $22,987,000 in general obligation bonds to pay for educational capital improvement projects as passed by voters in the Oct. 1 election;- Appropriating...
School board visits Homer

...the upcoming Oct. 1 election. The ballot includes a $22.9 million "educational capital improvement general obligation bonds" proposition that, if approved, would be used for capital improvements to include a new Homer High School field...
Assembly swears in new members

...funds from the State of Alaska Department of Military and Veterans Affairs -providing the issue and sale of general obligation bonds -appropriating funds for the closure of the Homer Landfill -authorizing the assessor to accept a late-filed exemption...
Legislature 2014: Spending in focus as revenue dips

...said."There are a couple of bills pending that address this in other ways," Hawker said, such as pension-obligation bonds, which are a way the underfunding could be financed without impairing state cash reserves.Hawker proposed some...


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