JUNEAU, Alaska (AP) — Alaska's Senate Finance Committee is proposing saving $2 billion and putting another $1 billion toward unfunded pension liabilities.
The proposal is part of the $9.5 billion state operating budget that advanced from committee Friday. The committee amended the spending proposal, adding another $11 million to it. That figure includes another $5 million for a low-income energy assistance program, $4.3 million for new labor contracts and additional funding for early learning programs.
It does not include the $2 billion that would go to a budget reserve fund or the pension system funding.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
