News: Rep. Gara’s Public Comments Detail Potentially Excessive Tax Breaks for a Company Seeking “Royalty Relief”
December 9, 2014
Anchorage - On Monday, Rep. Les Gara (D-Anchorage) filed detailed public comments showing the Nuna oilfield will receive significant, and possibly excessive, tax breaks under little-known provisions in S.B. 21. The Parnell Administration, in its waning two weeks, proposed a roughly $40 million reduction in the royalties Nuna’s current owner, Caelus Energy, would owe Alaskans. The Parnell Administration proposed to change the field’s existing lease terms to include additional revenue reductions at a time Alaska is facing a $3 billion budget deficit.
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NEWS: Rep. Guttenberg Comments on Supreme Court TAPS Property Tax Decision
February 19, 2014
JUNEAU – Today, Representative David Guttenberg (D-Interior/Wade Hampton) released the following statement in response to today’s Alaska Supreme Court decision upholding the fair assessed value of the Trans-Alaska Pipeline System (TAPS) for local property tax purposes.
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Rep. Tuck’s Community Connection: Alaska’s Finances Fall into Ruin while Oil Companies Make Blockbuster Profits
February 7, 2014
The final session of the 28th Alaska Legislature is well underway. As we wrestle with such issues as a constitutional amendment change to allow state funding of private schools, or whether Alaska should become an investment partner in a future gas pipeline, it is critical that we also stay focused on Alaska’s fiscal situation.
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Rep. Kreiss-Tomkins’ Newsletter: A $2 Billion Goof
December 17, 2013
• “$2 billion revenue shortfall sparks oil tax debate” — Anchorage Daily News
• “Oil Tax Revenue Expected To Decline By $2 Billion” — Alaska Public Radio
• “Alaska Revenue Forecast Shows Unanticipated Multibillion-Dollar Deficit” — Alaska Dispatch
Translation: We, the State of Alaska, have $2 billion less in oil revenue this coming year than we thought.
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Note from Rep. Gara: State Invents “New” Numbers On $ Loss From New Oil Tax Law
December 6, 2013
Dear Neighbors,
Flip flop. Too much spin makes one nauseous. If you ask the public, in politics it either makes you nauseous, or not care. What’s the saying? You can fool some of the people some of the time, but…..well, someone help me with how that one goes - folksy sayings aren’t my strength.
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