29-01-2017 21:28 via ktva.com

Alaska lawmakers mull spending cap amid deficit

Many Republican legislators are pushing for a tighter cap on state spending than the limit enshrined in Alaska’s constitution more than 30 years ago.
It’s being billed as a way to restore public confidence in lawmakers’ ability to responsibly manage state dollars. But not everyone thinks it’s a good idea.
Under the existing cap, which excludes certain types of spending, this year’s budget could not exceed $10.1 billion. Current spending falls well below that.
So far
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