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State budget fight, oil-price drop leave capital projects at risk; education bill draws veto threat
Summary
Wendy Chamberlain, the committee’s legislative consultant, told members May 1 that falling oil prices and competing spending priorities in Juneau have created a roughly $600 million shortfall in the state operating budget and are placing capital projects at risk.
Wendy Chamberlain, the committee’s legislative consultant, told members May 1 that falling oil prices and competing spending priorities in Juneau have created a roughly $600 million shortfall in the state operating budget and are placing capital projects at risk.
Chamberlain said the legislature is currently balancing on an assumption of $67 per barrel of oil; the governor asked leadership to balance at $62 per barrel, but leadership held at $67. She said the senate passed an education bill that would increase the Base Student Allocation (BSA) by $1,000 and that the governor’s…
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