The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Palin’s Budget Proposal Reduces Alaska Budget by $268 Million

Posted by iusbvision on February 4, 2009

This shows some real fiscal responsibility. Fortunately Alaska built up a nice savings nest egg when times were better.

Governor Reduces Current Year Spending
$268.6 million in budget reductions

FOR IMMEDIATE RELEASE No. 09-17

Governor Palin Reduces Current Year Spending
$268.6 million in budget reductions

February 3, 2009, Juneau, Alaska – Governor Sarah Palin submitted a supplemental budget to legislators today that reduces general funds by $268.6 million and seeks authorization to access savings to balance the budget at the end of the fiscal year.

“With changing market conditions and declining oil prices, our state agencies have been working hard to find savings and still provide needed public services,” Governor Palin said. “Through savings targets we implemented at the beginning of the fiscal year and by efficiently managing our programs, we have been able to reduce the current budget and minimize supplemental funding. The more we reduce now, the less we will have to draw from savings at the end of the year.”

http://www.gov.state.ak.us/news.php?id=1621

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