House Finance proposes $9.1 billion operating budget

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JUNEAU, Alaska (AP) — The House Finance Committee on Monday proposed a $9.1 billion state operating budget, about $1.3 billion less than the authorized level of spending at the start of the current fiscal year.

The proposal also is more than $3 billion less than what Gov. Sean Parnell put forth. Parnell’s proposal included shifting $3 billion from savings to help pay down the state’s unfunded pension liability, which the committee didn’t include in its plan. Lawmakers have not yet decided how to address that issue.

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