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Parnell signs budget bills, makes no vetoes

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Posted: Wednesday, May 28, 2014 1:29 pm | Updated: 2:39 pm, Wed May 28, 2014.

JUNEAU, Alaska - Gov. Sean Parnell has signed budget bills totaling $12.8 billion for next year, saying the state is on sound financial footing.

Parnell said lawmakers had worked to reduce unrestricted general fund spending from more than $7 billion in 2014 to $5.9 billion for next year. The state still shows a budget deficit of $1.4 billion for next year, according to Parnell's budget office.

The deficit for the current year, which ends June 30, is $1.7 billion.

Parnell issued no vetoes, noting in a speech to an Anchorage Rotary group that lawmakers met a spending limit. He said he has worked with legislators to be "wise stewards" of the public treasury.

Total capital and operating spending authorized for 2015 is $12.8 billion. That compares to $13.2 billion for the current year.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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