Senate approves spending cap

    Juneau, Alaska (KINY) The bill caps general fund spending at $4.1 billion.

    Senate Majority Leader Peter Micciche said the bill would help constrain the growth in government.  "Alaska must control its spending in order to refill our savings accounts and sustain constitutionally required programs that Alaskans can rely on in their everyday lives."

    Democrats submitted several amendments to exempt certain parts of the budget from the spending cap including funds for veterans services.

    The Senate passed a spending limit last year that included ways to prevent draws from the Permanent Fund earnings reserve.  This proposal was rejected by the House Majority Coalition.  The Senate leadership said the stand alone bill this year would simplify negotiations with the House as they consider solutions to the state's $2.3 billion budget deficit. 



    More from News of the North

    Current Conditions

    Crude Oil Price