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.