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Reporting From Alaska- Dunleavy's giant deficit puts state on trajectory to spend savings down to zero in two years
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Reporting From Alaska- Dunleavy's giant deficit puts state on trajectory to spend savings down to zero in two years
On December 12, 2024 Gov. Mike Dunleavy proposed a budget with a giant $1.5 billion to $2 billion deficit, which would have to be filled with half or more of the remaining balance in the Constitutional Budget Reserve.Outside the Permanent Fund, the Constitutional Budget Reserve, now listed at $2.8 billion, is about all that is left. This is the unspoken emergency in our state government.When Dunleavy first became governor he claimed he had a “pe…
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