Parnell seeking spending restraint
Gov. Sean Parnell is seeking spending restraint for next year’s state budget.
Parnell’s been preaching this since taking office. He recently met with his commissioners to let them know that when they write their budgets, they should do so in the context of the state constitution, Alaska’s economy and the global economy.
Parnell says the state is currently looking at a decline in revenue next year, due to factors including lower oil prices. If that situation holds, he says he will seek less spending.
Parnell’s budget proposal for fiscal year 2014 is due in December.
He is also continuing his call to get more oil in the trans-Alaska pipeline, saying declining production will eventually force “drastic changes” in state spending habits.