Parnell proposes spending limit for next year
Gov. Sean Parnell on Wednesday proposed a spending limit of nearly $6.8 billion in unrestricted general funds for next fiscal year -- more than $1 billion less than in the current year.
Officials in Gov. Eliot Spitzer's administration said the state budget proposal on today will reveal a $4.4 billion deficit, slightly larger than predicted because of tumultuous months on Wall Street and Main Street.