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Legislators OK $8.5 billion in state spending
"New figures from the state Office of Management and Budget show that legislators signed off on about $8.5 billion in total spending for the upcoming state fiscal year 2007 when they adjourned the regular 2006 session in Juneau May 9.

Almost half of that, or $4.123 billion, will be funded by state general fund revenues, and is about $1 billion more than the current year. The FY 2006 appropriation of general funds, for the current FY 2006 budget, was $3.246 billion.

The rest of the budget is paid for from federal funds and a variety of other revenues to state entities, such as fees paid by airlines at state-owned airports and tuition paid by University of Alaska students. Fiscal 2006 ends June 30, and FY 2007 begins July 1."

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