Alaska Business Report Card Biased Towards Continued Oil Industry Giveaways FOR IMMEDIATE RELEASE August 1, 2016 Anchorage – Today, a group of organizations that support continued giveaways to the oil and gas industry in Alaska released grades for the members of the Alaska Legislature. Republican-led Majority lawmakers who support policies to continue unsustainable oil industry …
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Yesterday, we adjourned the historic 5th Special Session of the Alaska Legislature. Two issues were on the agenda- developing a long term fiscal plan and the Governor’s vetoes.
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The House Finance Committee will hear public testimony today on Senate Bill 138, the Alaska Permanent Fund Protection Act, at 5:00 PM. This bill would make major changes to the Permanent Fund, including limiting your PFD checks to $1000 for the next two years.
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After I led negotiations over the Memorial Day weekend, the Legislature passed a $4.6 billion operating budget on Tuesday. This is a reduction of $500 million from last year. We also passed one of the smallest capital budgets in state history. Nearly $3.2 billion comes from the Constitutional Budget Reserve, the state’s savings account. The session now can be laser-focused on a fiscal plan, before our savings are depleted.
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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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As you are probably aware, the Legislature has extended beyond its standard 90 day limit as lawmakers work to come to agreement on fixing Alaska’s fiscal crisis.
It is regrettable that we are in this position, but I intend to work as long as is necessary to come up with a responsible plan that is fair to regular Alaskans.
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