Rep. LeDoux’s July 21st Newsletter: End of cash credits & adjournment
Late Saturday night, the legislature found compromise and passed HB111, ending cash payments to oil companies. This effort will save the state $150-200 million annually for the next 10 years. These cash payments incentivized exploration and production efforts, but paying the companies cash just didn’t make sense as we try to balance the budget and fill this $2.5’ish billion deficit. Instead, the companies can now recover their costs once fields go into production.
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Rep. LeDoux’s June 6th Newsletter: Special Session Update #2
Two weeks ago, the legislature passed an operating budget, thus averting a government shutdown. I am glad that legislators from across the political spectrum were able to compromise and kept Alaska open for business. A few important notes about this budget:
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Rep. LeDoux’s June 21st Newsletter: Muldoon Farmers Market – opens this Saturday, June 24th
Taking a break from the budget negotiations in Juneau, I wanted to remind you that this Saturday, June 24th, the Muldoon Farmers Market opens for the season. Located at Begich Middle School (7440 Creekside Center Drive, in Anchorage), this “market by the mountains” runs every Saturday from June 24th until September 23rd, and is open from 9:30 a.m. until 2:30 p.m.
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Rep. LeDoux’s June 9th Newsletter: Special Session Update #1
We are in the final third of the special session called by Governor Walker on May 18th to focus on solutions to Alaska’s fiscal crisis. These past five months in Juneau have not been easy: we are grappling with historic choices brought on by a fundamental shift in the economics of oil. Thankfully, the pace of progress has quickened as of late:
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Rep. LeDoux’s June 2nd Newsletter: Fiscal Solutions Survey
I helped form the Alaska House Majority Coalition for one reason: to find commonsense, bipartisan solutions to Alaska’s fiscal crisis.
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Rep. LeDoux’s Newsletter: May Update
Last month, members of the Alaska House Majority Coalition passed a comprehensive fiscal plan, as we pledged to do. The Senate is hearing bills that are part of the plan. The plan includes the following pillars:
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