Proposing an amendment to the Constitution of the State of Alaska requiring the governor to submit a balanced budget to the legislature.

Summary

The resolution adds a new constitutional rule that the governor may not propose a budget that spends more than the revenue the state expects to collect for the next fiscal year. Anticipated revenue includes all state departments and the permanent fund, but excludes money in the budget reserve fund. The amendment will be placed on the ballot for voters at the next general election.

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