Alaska House Operating Budget Co-Chair Offers Comment on Governor Parnell’s Initial FY 2015 Budget Proposal
Thursday, December 12, 2013, Kodiak, Alaska – Alaska House Finance Committee Co-Chair Alan Austerman released the following statement today on the Governor’s initial Fiscal Year 2015 statewide operations budget. Austerman, R-Kodiak, writes the House version of the governor’s proposal and acts as principal negotiator for the Majority Caucus when dealing with the governor and Alaska Senate.
“At this point I’m taking a very precautionary approach to the governor’s plan to seek legislative approval to move funds from the Constitutional Budget Reserve Fund to pay down state retirement debt and replace the annual payment we’ve built into our budgets. Taking care of our commitments to our public employees is a given. The Committee will be taking a hard look at the best way to ensure we meet our obligations to public employees while also managing the rest of our obligations to the public.
“His budget bill will go through a thorough legislative review, but at this time it’s too early to offer a concrete analysis. That review will start today as the Legislative Finance Division starts their analysis and will continue with our Subcommittee process once the legislature convenes. We'll be looking closely at our revenues and expenditures, with an eye to stretching out our savings accounts as long as possible."