NEWS: House Ends Historic Fifth Special Session Without Progress on a Comprehensive Fiscal Plan
Juneau – Today, the Alaska House of Representatives adjourned the Fifth Special Session of the 29th Alaska Legislature. Lawmakers were unable to reach consensus on the components of the fiscal plan proposed by Alaska Governor Bill Walker. Despite the setback, the members of the Alaska Independent Democratic Coalition (AIDC) remain committed to finding acceptable solutions to close the budget gap that can garner approval from the Governor, the Alaska Legislature, and the people of Alaska.
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Rep. Claman’s Newsletter: Governor’s Vetoes and Upcoming Special Session
Last week, Governor Walker used his line-item veto to cut $1.29 billion from the state budget. His vetoes include reductions in state spending, oil and gas tax credits, and the 2016 Permanent Fund Dividend.
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Rep. Kreiss-Tomkins’ Newsletter: Boldly going where no legislature has gone before…
It’s been a chunk of time since the last newsletter. My, my, what has since transpired.
All of us, the entire State of Alaska, are peering into an inky black fiscal abyss. Earlier today, Governor Walker vetoed a bunch of budget line items, scolding the legislature for a job undone.
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NEWS: Much Good and Some Bad in Governor Walker’s Line Item Budget Vetoes
Anchorage – Earlier today, Alaska Governor Bill Walker used his line-item veto power to cut $1.29 billion from the FY 2017 budgets. The veto includes $430 million in tax credit and other payments to the oil and gas industry down to the statutory minimum requirement of $30 million. The veto of the oil tax credit money is supported by members of the Alaska Independent Democratic Coalition (AIDC) in the Alaska House of Representatives.
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Rep. Drummond’s Newsletter: Special Session Update
After negotiating over the Memorial Day weekend, the Legislature passed a $4.6 billion operating budget. 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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