The Legislature is yet to vote on a state spending plan as the overtime clock ticks on.
Senate Minority Leader Berta Gardner insisted on the 24-hour rest period between when the conference committee produced their report Saturday evening and when the Legislature votes on the proposal.
Speaking in the Senate Finance Committee Saturday, Co-Chair Anna MacKinnon outlined the state’s fiscal position…
Sen. MacKinnon(R-Eagle River): “The State of Alaska is currently facing, in FY15, that is currently before July 1st of this year, a $3.9 billion deficit, which means a draw on reserves.”
MacKinnon said FY16 is heading for another $3.5-$4 billion deficit, depending on crude oil production and sale.
The Senate has cut nearly $375 million from the operating budget to date and $487 million of capital spending.
Sen. MacKinnon(R-Eagle River): “We are doing everything that we can to set Alaska’s operating budget to the right size of government and to invest in items that benefit Alaskans.”
The Senate adjourned until today while the House cancelled a Sunday floor session.
