So much happens in Juneau during the legislative session, and I want to make sure that I stay in good contact with you all even though I’m currently far away from the district.
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In the wake of extremely low oil prices (about $30 per barrel on the West Coast) and leveling off of production on the Alaska North Slope, the state has seen a sharp reduction in revenues from oil and gas combined with a drastic increase of tax credits to the industry.
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Juneau – Much of the savings associated with Governor Bill Walker’s proposed reform to Alaska’s flawed and overly expensive oil and gas tax credit system has been lost because of the actions of the House Resources Committee. House Bill 247 was passed out of the committee tonight. The original bill was significantly altered by members of the House Majority to remove $450 million in savings and new revenue.
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Last Friday the House passed the Operating Budget over to the Senate ending the “24 hour rule” that was put in effect by HCR23. That also means that the limitations on what bills could be heard in committee was lifted and, as a result, some of my committees heard non-revenue bills for the first time since February 8th.
Read More →Video from AIDC’s March 15th, 2016 Press Availability with Representatives Jonathan Kreiss-Tomkins, Harriet Drummond, Matt Claman, Scott Kawasaki, Chris Tuck, Ivy Spohnholz, Les Gara, Andy Josephson and Adam Wool.
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