Rep. Josephson’s July 28th Newsletter: AK Capital Budget

Rep. Josephson's Newsletter

Yesterday, the Alaska Legislature passed a compromise capital budget that spends about $140M of state money to leverage about $1.2B in federal funds. The House vote was 27-13 and the Senate vote was 15-4. Although either a “yes” or “no” vote was arguably justifiable, after some deliberation, I voted to pass this budget.

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NEWS: Governor Signs Bill Ending Cashable Tax Subsidies

Rep. Andy Josephson

Juneau – Today, Alaska Governor Bill Walker signed House Bill 111 into law, ending cashable subsidies on the North Slope, and making modest adjustments to Alaska’s oil and gas tax code. HB 111 was sponsored by the House Resources Committee, Co-Chaired by Representative Geran Tarr (D-Anchorage) and Representative Andy Josephson (D-Anchorage).

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NEWS: Alaska Legislature Passes Responsible Capital Budget Compromise

Juneau – Today, the Alaska Legislature overwhelmingly passed a capital budget for Fiscal Year 2018 that will result in approximately $1.2 billion in federal funds coming to Alaska. The approved capital budget was a negotiated compromise that ensures continued funding for Alaska’s roads, bridges, and other vital infrastructure. House Finance Committee Co-chair Rep. Neal Foster (D-Nome) helped negotiate the compromise and worked to ensure passage today.

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NEWS: Significant Step Forward on Long-Awaited King Cove Road

Juneau – Today, the U.S. House of Representatives passed legislation sponsored by Congressman Don Young to allow a land exchange as part of the effort to build a road to connect the communities of King Cove and Cold Bay on the Alaska Peninsula. Speaker of the House Rep. Bryce Edgmon (D-Dillingham) released the following statement upon learning the results of today’s vote.

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