Last week, Governor Walker used his line-item veto to cut $1.29 billion from the state budget. His vetoes include reductions in state spending, oil and gas tax credits, and the 2016 Permanent Fund Dividend.
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Dear Neighbors,
I’ll be visiting Gustavus and Skagway next week, and I hope to see you around town or at an event. See dates and times below.
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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