Rep. Tuck’s Newsletter: Special Session Budget Compromise Averts Shutdown and Protects Economy

Rep. Tuck Newsletter

After I led negotiations over the Memorial Day weekend, the Legislature passed a $4.6 billion operating budget on Tuesday. This is a reduction of $500 million from last year. We also passed one of the smallest capital budgets in state history. Nearly $3.2 billion comes from the Constitutional Budget Reserve, the state’s savings account. The session now can be laser-focused on a fiscal plan, before our savings are depleted.

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NEWS: Budget Compromise Prevents Threat of Government Shutdown and Protects the Alaska Economy

Alaska state and flag

Juneau – Today, the Alaska Legislature passed fully funded budgets for the next fiscal year that removes the threat of the first ever government shutdown in Alaska. The operating and capital budgets were passed with significant support from members of the Alaska Independent Democratic Coalition (AIDC) after weeks of bipartisan negotiations between the Minority and Majority Caucuses in both the House of Representatives and Senate.

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