Rep. Claman’s Newsletter: House Passes Oil and Gas Tax Bill; Senate Passes Permanent Fund Restructure
June 8, 2016
On Monday, the House approved a conference committee version of HB 247, an oil and gas tax reform bill that impacts how much progress we can make in trying to close Alaska’s deficit gap. Shortly after the House voted on oil taxes, the Senate approved a Permanent Fund restructuring bill.
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Rep. Kawasaki’s Newsletter: Flawed Oil and Gas Bill, What’s Ahead for the PFD?
June 8, 2016
On Monday, the Conference Committee on HB 247, the Oil & Gas Tax Credit Reform bill, was advanced and passed by both the House and the Senate. As introduced by the Governor, the bill was originally an aggressive reform to scale back costly subsidies by $500 million. The bill was dramatically changed through the Republican-controlled committee process to strip away nearly all savings and continue the unsustainable oil industry subsidies.
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Rep. Gara’s Newsletter: Good Budget News; Corporate Fiscal Plan that Will Harm Schools, Opportunity
June 7, 2016
A lot of good and bad things have happened since I wrote last. Here’s the good, bad, and, well, sorta’ secret stuff people should know about. And, on a revenue plan especially, I’d like to hear from you!
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Rep. Drummond’s Newsletter: Special Session Update
June 3, 2016
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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Rep. Spohnholz’s Newsletter: Special Session Update
June 3, 2016
On Tuesday, the legislature passed a compromise budget package funded by the Constitutional Budget Reserve as is needed. This budget compromise is far from perfect, as are many compromises, but it allows us to keep Alaska open for business so that the fishing, tourism and business communities can continue to operate during the summer. The budget compromise ensures that we don’t face a crippling government shut down which would further damage the State of Alaska’s credit rating and hurt the thousands of Alaskan state employees and those who count on their essential efforts. In this special session update, I will describe these budgets generally as well as what is next in the special session.
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