I’d love to join those using the easy sound bite. I do believe in finding waste, and cutting it. I’ve voted against wasteful spending on legislative office buildings, the Knik Arm Bridge, the Susitna Dam, and other unaffordable projects.
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The Joint Senate and House Resources Committee heard an update on the Alaska LNG Project. The Walker administration introduced the Alaska Gasline Development Corporation’s (AGDC) new State-owned model that may reduce project cost and the three major North Slope oil producers offered their perspectives on the 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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Juneau – Tonight, the Alaska House of Representatives closed out the Fourth Special Session of the 29th Alaska Legislature without making any substantial progress towards creating a balanced and sustainable plan to address the ongoing fiscal crisis in Alaska. The House failed to pass any of the revenue measures they were called into Special Session to consider by Alaska Governor Bill Walker. The 13 members of the Alaska Independent Democratic Coalition (AIDC) remain committed to working on a comprehensive fiscal plan that will protect the Alaska economy and the essential functions of state government.
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