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ALASKA

Alaska

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    • Headlines : Alaska

      House Approves $3 Billion Transfer To Pension System

      Alaska Public Radio | by Alexandra Gutierrez | April 18, 2014

      The bill uses $3 billion from the state's reserve funds to help pay off the $12 billion unfunded liability. It also directs the Legislature to put $500 million into the retirement system every year, until the obligation is paid off.

    • Headlines

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Headlines

      State government dependence on federal funding growing at alarming rate

      The Washington Examiner | by David Freddoso | April 15, 2014

      This trend of increased state dependency on Washington reduces state and local control, while threatening the states' long-run autonomy.

    • Headlines

      Rich States, Poor States

      ALEC | by Arthur B. Laffer, Stephen Moore and Jonathan Williams | April 15, 2014

      Using years of economic data and empirical evidence from each state, the authors identify which policies can lead a state to economic prosperity. Rich States, Poor States not only identifies these policies but also makes sound research-based conclusions about which states are poised to achieve greater economic prosperity and those that are stuck on the path to a lackluster economy.

    • Headlines : Alaska

      Governor's plan to address pension obligation gets municipal support

      The Anchorage Daily News | by Becky Bohrer | April 14, 2014

      Under the plan, about $1.9 billion would go to the public employees' system and the rest to the teachers' retirement system.

    • Budget timeframe: Annual

      Fiscal Year begins: July 1

      The current state budget can be found here.

      Find the current legislative leaders here.

      Find the legislative session calendar here.


      Alaska Gov. ParnellAlaska Gov. Parnell
      Office of Governor Sean Parnell
      State Capitol
      P.O. Box 110001
      Juneau, AK 99811-0001
      Phone: (907) 465-3500
      Fax: (907) 465-3532
      http://gov.state.ak.us/

       

      Karen Rehfeld, Director of Office of Management & Budget
      Office of Management & Budget
      P.O. Box 110020
      Juneau, AK 99811-0020
      Phone (907) 465-4660
      Fax: (907) 465-3008
      Karen.Rehfeld@alaska.gov


      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2012 Comprehensive Annual Financial Report compiled by the state government, and click here for information on the state's pension liabilities. 

       

      Alaska is required to pass a "balanced budget." Section 37.07.020 of the state law mandates proposed expenditures may not exceed estimated revenue for the succeeding fiscal year. Section 37.07.014(e) commands the legislature to modify estimated receipts and revenues to ensure a balanced budget. Alaska law forbids the carrying over of a deficit from one year to the next.

      Alaska limits appropriations to the appropriations limit from the previous year, adjusted for inflation and the change in population plus 5%. This is commonly called "budgeting for fiscal discipline," and is a way to keep the growth of appropriations from outpacing the growth in revenues from year to year.

       

      The State has three major funds, the General Fund, the Alaska Permanent Fund, which are included in the governmental funds statements, and the International Airports Fund, which is included in the business-type activities funds statements. Only two of these major funds are budgeted (the General and Alaska Permanent), along with a few other permanent funds and non-major special revenue funds. Although information is well arranged and "total" columns are included, the Budgetary Comparison Schedules are missing beginning and ending balances. There is a considerable difference between actual and budgeted figures. [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

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    • Unions :

    • HEADLINES

      Some state pensions in dire straits

      USA Today | by Dustin Racioppi | March 21, 2014

      Not making payments to the pension funds, or only paying a portion of what an actuary has recommended, is largely what got these debt-burdened states to where they are today, experts say.

    • HEADLINES

      Common-Core Tensions Cause Union Heartburn

      Education Week | by Andrew Ujifusa and Stephen Sawchuk | February 20, 2014

      From the early days of the Common Core State Standards, the two national teachers' unions have been among the initiative's biggest boosters, helping to make the case to the nation's 3.5 million teachers for the tougher expectations and putting significant money into the development of aligned curricula and tools.

      But in some union quarters, that support is starting to waver—the product of flawed implementation in states, concerns about the fast timeline for new testing tied to the standards, and, in at least one instance, fallout from internal state-union politics.

    • View All Alaska articles
    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.

    • Headlines : Alaska

      House Approves $3 Billion Transfer To Pension System

      Alaska Public Radio | by Alexandra Gutierrez | April 18, 2014

      The bill uses $3 billion from the state's reserve funds to help pay off the $12 billion unfunded liability. It also directs the Legislature to put $500 million into the retirement system every year, until the obligation is paid off.

    • Alaska

      House Approves $3 Billion Transfer To Pension System

      Alaska Public Radio | by Alexandra Gutierrez | April 18, 2014

      The bill uses $3 billion from the state's reserve funds to help pay off the $12 billion unfunded liability. It also directs the Legislature to put $500 million into the retirement system every year, until the obligation is paid off.

    • Headlines

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Headlines

      State government dependence on federal funding growing at alarming rate

      The Washington Examiner | by David Freddoso | April 15, 2014

      This trend of increased state dependency on Washington reduces state and local control, while threatening the states' long-run autonomy.

    • Headlines

      Rich States, Poor States

      ALEC | by Arthur B. Laffer, Stephen Moore and Jonathan Williams | April 15, 2014

      Using years of economic data and empirical evidence from each state, the authors identify which policies can lead a state to economic prosperity. Rich States, Poor States not only identifies these policies but also makes sound research-based conclusions about which states are poised to achieve greater economic prosperity and those that are stuck on the path to a lackluster economy.

    • Headlines : Alaska

      Governor's plan to address pension obligation gets municipal support

      The Anchorage Daily News | by Becky Bohrer | April 14, 2014

      Under the plan, about $1.9 billion would go to the public employees' system and the rest to the teachers' retirement system.

    • Alaska

      Governor's plan to address pension obligation gets municipal support

      The Anchorage Daily News | by Becky Bohrer | April 14, 2014

      Under the plan, about $1.9 billion would go to the public employees' system and the rest to the teachers' retirement system.

    • Headlines

      Rebounding economy fills state coffers with record tax revenues

      Washington Post - GovBeat | by Reid Wilson | April 10, 2014

      State governments collected more than $846 billion in tax revenue in the last fiscal year, the highest amount ever reported, as a rebounding economy boosted coffers hit hard by the recession.

    • Headlines

      Pew's latest pension report understates unfunded liabilities, but still shows growing pension problem

      by Cory Eucalitto | April 4, 2014

      While Pew's report relies directly on state-reported numbers that understate the size of unfunded liabilities, it nonetheless shows tremendous growth in unfunded liabilities since 2008.