Published: April 18th, 2009 11:13 PM
Last Modified: April 18th, 2009 11:13 PM
JUNEAU -- The Alaska House has passed a $1.8 billion capital budget to pay for building and maintenance projects around the state. Lawmakers voted 27-13 on the spending plan just after 10 p.m. Saturday.
Debate on the bill centered on a provision that opens up the state's main savings account to cover a possible deficit.
Minority Democrats objected to making the Constitutional Budget Reserve available to cover a budget shortfall in the fiscal year that begins July 1.
They say other reserves should be used first. Republican finance leaders called the provision an insurance plan in case oil prices plunge and with them, state revenues.
ADVERTISEMENT
NEW STORY COMMENTS: Learn about our upgrade | Create an avatar in the new system »
By submitting your comment, you are agreeing to adn.com's user agreement.
Army wife blogs about life with 2 sets of twins
Investigation backs prosecutors in Allen sex crime allegations
Coast Guard rescues 5 as crew abandons tender in Gulf
Pedestrian struck and killed by van on freeway on-ramp
Most read
Keyes returns to court 2 days after apparent escape attempt
Pedestrian struck and killed by van on freeway on-ramp
Kodiak remains in dark on double-homicide investigation
Investigation backs prosecutors in Allen sex crime allegations
Sell it today 
Place an ad | Find an ad
Read the adn.com updated privacy policy | 
Important warning about e-mails purporting to be from the adn.com staff.
© Copyright 2012, The Anchorage Daily News, a subsidiary of The McClatchy Company 
Contact Us | Newsroom Contacts | Communication Forms | Subscriptions | Advertising | Featured Advertisers
Daily News Jobs |
RSS Feeds |
|
ADN Store |
Newspapers in Education
Terms of Service | Privacy Policy | About our ads | Copyright
