NEWS: Fiscal Crisis Prompts Common Sense Solution

JUNEAU— In the next fiscal year, the State of Alaska will be required to pay out $700 million in oil company tax credits while the state is projected to only take in $300 million in production taxes. That will result in a net loss of $400 million to the public. Senator Bill Wielechowski (D-Anchorage) and Representative Les Gara (D-Anchorage) have sponsored legislation to protect Alaska in times of depressed oil prices by adjusting the current production tax floor from 4% to 12.5%.

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NEWS: The Alaska Independent Democratic Coalition Unites in Opposition to Operating Budget that Harms Kids, Seniors and the Neediest of Alaskans

Juneau – The Alaska House of Representatives passed the Fiscal Year 2016 Budget Thursday night without the support of the Alaska Independent Democratic Coalition. All 13 members voted no because the budget harms seniors and children while protecting corporate interests and unaffordable projects. The Republican budget includes the total elimination of pre-k programs and a significant $32 million cut in funding for K-12 public education. Overall, the budget deficit still remains $3.5 billion. The Alaska Independent Democratic Coalition proposed millions of dollars in spending cuts while supporting efforts to protect education, seniors and kids.

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