Oil Giveaway: Even in Unlikely Event it Works, Alaska Still Loses
State numbers show even more production won’t overcome billions in lost revenues
JUNEAU – According to a new fiscal note from the Alaska Department of Revenue, Governor Parnell’s proposal to give large tax breaks to the oil industry would still cost the state billions of dollars in lost revenue even if future oil production increases. Because producers have not committed to increasing investment, exploration or production should the bill pass, the administration used arbitrary scenarios assuming various degrees of increased production. No scenario showed Alaska making back lost revenues once the bill takes full effect.
Read More →
Rep. Guttenberg’s Legislative Report: House Finance Hearing Continues on Oil Tax Structure;
Congratulations to the Iditarod mushers who have finished and those still on the trail! Dog mushing is an amazing extreme sport and my hat goes off to all the teams that entered both the Iditarod and the Yukon Quest this year.
Read More →
[BILL] HB93: School Gardens
House Bill 93 creates a grant program for non-profits who operate school gardens at public schools and have raised operation funding in their communities. It would allow the state to provide an additional ½ of one percent of state aide to a school for the purposes of supporting a non-profit run school garden, farm or greenhouse.
Read More →
Rep. Guttenberg’s Legislative Report: Operating Budget Passes the House; Earthquake Planning;
This week I wanted to send out a quick update on the Operating Budget that passed the House this week. The Operating Budget will now be passed to the Senate for their amendments.
In reaction to the devastating events in Japan we are all sending our thoughts and wishes to those across the ocean. Please check out the section on what do to in an earthquake.
Read More →
Rep. Guttenberg’s Legislative Report: Operating Budget Update and Process; Stampede Recreation Area Legislation; UA Boosters Meeting;
How about those Nanooks! The UAF Nanook Hockey Team brought home the 2011 Governor’s Cup. Congratulations! Here in Juneau the House Finance Committee has kept me busy with the Operating Budget and other legislation.
Read More →
