Note from Rep. Gara: Good, Bad, and Ugly on Oil Bill, Education, and Housing

Rep. Les Gara Dear Neighbors, Well, in my view this session has been a disaster with glimmers of good. I wish I could put a true and happier spin on this, but I can’t. I’m including two press releases, one good and one bad. The good news is a nice bill what we passed with Rep. Mia Costello which will make Anchorage and Alaska more vibrant, and that will cost-effectively reduce the low and middle-income housing shortage in Anchorage.
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NEWS: Statements on Bi-Partisan Bill Improving Housing Quality, Access

Rep. Les Gara Jointly Written Costello and Gara Bill Makes Communities and AHFC Housing More Vibrant, More Available JUNEAU – Today, Representative Les Gara (D-Anchorage) issued the following statement on a bill sponsor Mia Costello (R-Anchorage) and he as a co-sponsor wrote and worked on together. The Bill, HB 50, passed the Legislature today.
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NEWS: Dept. of Revenue Reveals True Losses to Alaskans from Oil Giveaway

Rep. Les Gara Short-term spikes in oil price could be “double-whammy” to Alaskans JUNEAU – In a letter released yesterday, the Department of Revenue released the first analysis of the potential losses to the state at high oil prices should the current oil tax giveaway proposal become law. At oil prices of $120 annual losses to the state would be around $1.6 billion and over $3 billion at prices over $150 per barrel. With this great a discrepancy between returns from the current system and the latest proposal, even short-term price increases could result in significant unrealized returns for Alaska.
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