Financial estimates being compiled Tuesday indicate there may not be enough revenue to cover the Legislature’s draft spending plan.
Rep. Genevieve Mina, D-Anchorage, stares at a pile stack of budget amendments on Tuesday, April 9, 2024.
Altogether, the total is more than the state’s expected general-purpose revenue from investments, oil and other taxes. Members of the House voted down amendments from Ortiz and Rep. Sara Hannan, D-Juneau, that would have reduced the planned payout. “A lot of this is symbolic,” said House Minority Leader Calvin Schrage, I-Anchorage. “If the number is going to get changed by someone else later on, why don’t we stand up for the number we believe in?”
Using that timeline, they set the amount of this year’s capital budget at $550 million last week, before the House began amendment work on the operating budget.
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