Hope you’ll get out and enjoy your 4th of July weekend! Below are activities happening around town. While there weren’t many legislative hearings this week, the House and Senate Resources Committees met in a joint meeting to receive an important update on the AKLNG Project.
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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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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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On Saturday, June 18th, the House gaveled out of the Special Session with the Senate gaveling out the following day. We accomplished a lot during this time, but failed to reach consensus on some of the most important elements on the agenda. Here is a summary of what happened followed by an update on the NEXT special session scheduled to start on July 11th and some information on local events of interest.
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On Saturday, June 18, the Alaska House of Representatives adjourned the 4th Special Session of the 29th Legislature, and the Senate did the same the following day. I am deeply disappointed majority leadership failed to progress towards a balanced, fair and comprehensive fiscal plan to address the $3-billion state budget deficit.
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