Category - Rep. Paul Seaton

Rep. Paul Seaton

Rep. Seaton’s March 27th Newsletter

Greetings from Juneau this 70th day of session. Work towards a fiscal solution continues in earnest throughout the capitol. The finance committee spent hours last week considering HB 111, which looks to reform our oil and gas tax credit system to limit state liability and increase revenues when prices are higher. A key part of a stable fiscal plan is ensuring that the state balance sheet is protected against an accumulation of costly credits during low prices or because of bad investments by the oil companies. Thank you to all the Alaskans who came out Saturday to testify on HB 111.

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Rep. Paul Seaton

Rep. Seaton’s March 20th Newsletter

Greetings from Juneau this 63rd day of session. Last week the House spent the majority of our time on the floor debating the budget. 134 amendments were submitted; in the last 15 years we have seen no more than 32 floor amendments to the budget. A few of the amendments were adopted. Many of those that failed were proposed cuts to budget allocations without acknowledging the effect the cuts would have, such as reducing substance abuse services.

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Rep. Paul Seaton

Rep. Seaton’s March 13th Newsletter

Greetings from Juneau this 56th day of session. It was a long week for the House Finance Committee, and we are preparing for another long week of floor sessions. In Finance we spent 20 hours considering 330 amendments to the operating budget. Many of the amendments would have taken certain parts of the budget back to FY16 levels without accurately taking into account other changes or reductions the departments already made to other parts of their budget.

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Rep. Paul Seaton

Rep. Seaton’s Newsletter: Public Testimony Operating Budget Alert

Greetings! I wanted to send out a reminder for public testimony on the Operating Budget which starts Thursday 1-3:30pm for District 31 (overflow is on Saturday 3-5p or email anytime to HouseFinance@akleg.gov ). The subcommittees’ proposed amendments have all been voted on in House Finance and today they will be incorporated into a new Committee Substitute for HB 57 Operating Budget. A full list of public testimony times and instructions is below.

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Rep. Paul Seaton

Rep. Seaton’s Feb. 27th Newsletter

Greetings from Juneau this 42nd day of session. It is going to be a busy week in House Finance. We started hearing subcommittee reports and amendments last week and will continue today and tomorrow. After all the amendments are voted on, a new draft of the bill will be created and the week will close out with three full days of public testimony. District 31 public testimony is on March 2.

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Rep. Paul Seaton

Rep. Seaton’s Feb. 20th Newsletter

Greetings from Juneau this 35th day of session. Last week we held several hearings on the State Revenue Restructuring Act, HB 115. The state’s need for diversified revenue came up repeatedly during questions and modeling of the bill. For the past 30 years, we have relied on a volatile source of revenue, which was oil. Having too heavy a reliance on volatile revenue sources creates uncertainty in budgeting, and that includes relying too heavily on the permanent fund earnings as our only other revenue source.

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Rep. Paul Seaton

Rep. Seaton’s Feb. 13th Newsletter

Greetings from Juneau this 28th day of session. On Friday the House Finance committee introduced HB 115 State Revenue Restructuring Act, which aims to fill the deficit in a way that is fair and balanced to Alaskans. This bill addresses three of the four pillars of the House Majority Coalition Plan to build a sustainable future for our state; a structured draw from the permanent fund earnings reserve, new revenue from a broad-based tax, and a sustainable dividend amount. The fourth pillar constrains state spending by making smart budget cuts and reducing the state’s oil and gas tax credit subsidies.

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Rep. PAUL SEATON

District: 31
Rep.Paul.Seaton@akleg.gov
Party: Republican

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