JUNEAU, Alaska (AP) — Alaska's Senate Finance Committee is proposing saving $2 billion and putting another $1 billion toward unfunded pension liabilities.
The proposal is part of the $9.5 billion state operating budget that advanced from committee Friday. The committee amended the spending proposal, adding another $11 million to it. That figure includes another $5 million for a low-income energy assistance program, $4.3 million for new labor contracts and additional funding for early learning programs.
It does not include the $2 billion that would go to a budget reserve fund or the pension system funding.
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