NEWS: Alaska House Passes Legislation to Roll-Back Many Unsustainable Oil Industry Subsidies

Alaska state and flag Juneau – Today, the Alaska House of Representatives approved House Bill 247 to significantly reform Alaska’s unsustainable oil tax credit subsidy system. The members of the Alaska Independent Democratic Coalition (AIDC) cautiously supported the legislation after participating in a bipartisan effort to amend the bill to dramatically increase savings and fix flaws included in previous versions of the bill.
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Rep. Spohnholz’s Newsletter: Update from Juneau: Justice Reform, HB 156, Oil Subsidies & Summer Events

Rep. Spohnholz newsletter Nothing about my first legislative session has been “normal.” I came to Juneau to fill the seat vacated by the passing of Rep. Max Gruenberg, my first day of work was a 20 hour budget floor session, and now we are on day 116 of a 90 day session as we are working to fill in a $4B deficit. I expect that the legislature will make headlines with some historic decisions in the coming weeks, but today I want to update you on a few key issues.
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Rep. Tuck’s Newsletter: Public Testimony on Oil & Gas Tax Credits

Rep. Tuck Newsletter The House Rules Committee, of which I am a member, will be hearing House Bill 247, the oil & gas tax credits bill, starting at 9:00 am on Wednesday. Public testimony will be taken this Wednesday, May 11, 2016, from 4:00 pm to 6:00 pm. You can testify via teleconference at the Anchorage Legislative Information Office and you can watch the hearing live on Gavel Alaska. I look forward to hearing from you.
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Rep. Spohnholz’s Newsletter: Day 100 and Counting

Rep. Spohnholz newsletter It’s time for the total package! Alaska has a $4.1 billion deficit due a budget that has been over reliant on one source of revenue—oil—which is at historically low prices right now. Oil is not projected to get above $50 per barrel anytime in the next 10 years, so we can’t just hope for prices to rebound. We only have enough funds on hand to cover about 25% of Alaska’s budget.
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