NEWS: Medicaid Expansion Can Help Avoid the Risk of a Recession in Alaska
ANCHORAGE – A recent report commissioned by the Alaska Mental Health Trust Authority suggests Alaska is at risk of a recession for the fourth time in the state’s history. The report indicates a recession could be prolonged due, in part, to the downturn in oil prices and subsequent decreases in state spending. However, the report outlines options to mitigate a recession including accepting Medicaid expansion, which will be paid for almost entirely by the federal government. House Finance Committee member Representative Les Gara (D-Anchorage) tried repeatedly this past session to garner legislative approval for Medicaid expansion but the Republican-controlled Majorities refused to allow the issue to be put to a vote.
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NEWS: Alaska Independent Democratic Coalition Negotiates Compromise Budget Deal to Avert Government Shutdown
ANCHORAGE – The Alaska Independent Democratic Coalition compromise with the Majority leadership in the House and Senate today enabled the Alaska Legislature to pass an operating budget for Fiscal Year 2016 that prevents a government shutdown at the end of the month.
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NEWS: GOP Ignoring Oil Tax Credit Spending Cap
ANCHORAGE – Today, the Alaska Independent Democratic Coalition released a memo from the Alaska Department of Revenue showing the Republican-proposed budget spends $600 million more on oil tax credits than provided for under Alaska’s statutory cap on credit payments.
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NEWS: Alaska Independent Democratic Coalition Ready to Work to Solve Budget Impasse
ANCHORAGE – Today, Governor Walker announced his intention to veto the portions of House Bill 72 that deal with fiscal year 2016. This is due to the fact that the House and Senate Majorities passed a largely unfunded budget, which could result in a shutdown of state government beginning in July.
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NEWS: Smaller Permanent Fund Dividend If Budget Spends From Permanent Fund Earnings Reserve
ANCHORAGE - Today Rep. Les Gara released a report from the Legislature’s non-partisan Legal Research Division. It shows that if Legislators were to spend from the Permanent Fund’s Earnings Reserve, that would reduce Permanent Fund Dividend payments received by Alaskans. Some legislators have mentioned this as an option to paying for this coming year’s budget, which is a subject of the current Special Session.
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