Saving for Alaska’s Future: Legislature Fully Repays Constitutional Budget Reserve

A combination of high oil prices and fiscal restraint allowed the legislature this year to fully repay past loans from the Constitutional Budget Reserve (CBR). “I am very pleased we had the foresight to set aside enough money this year to restore the CBR and preserve it for future years when money may once again be tight,” said Representative Johnson. With this year’s legislative appropriation, the savings fund has been restored to its full $9 billion dollars.