Gov. Reveals 2015 Budget Proposal

Gov. Sean Parnell is proposing a $12.4 billion state budget for next year that would require $1.1 billion from savings to balance even before legislators get their hands on it.

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by Your Alaska Link News Team

JUNEAU, Alaska- Gov. Sean Parnell is proposing a $12.4 billion state budget for next year that would require $1.1 billion from savings to balance even before legislators get their hands on it.
   
Parnell has said he would introduce a budget that gives lawmakers some room to add though he said he would work with them on an overall spending cap.
   
The total current-year budget is $13.4 billion.
   
Parnell's plan continues initiatives he's been pushing since taking office, including additional funding for village public safety officers, a campaign against domestic violence, state-supported merit scholarships and deferred maintenance of public infrastructure.
   
Bigger-ticket items include $10 million for the proposed Susitna-Watana dam, $20 million toward completing university engineering buildings, $31.5 million for school construction and a $3-billion savings transfer to address the state's pension shortfall.