Rep. LeDoux’s August 4th Newsletter: My vote on the capital budget

Rep. Gabrielle LeDoux

Last week, the legislature passed SB23, the capital budget, authorizing state spending of $122 million for projects across the state. This was the smallest capital budget in years, and while I know this money is critical to maintaining Alaska’s essential infrastructure, I could not support the current form of the bill and had to vote ‘no’.

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Rep. LeDoux’s July 21st Newsletter: End of cash credits & adjournment

Rep. Gabrielle LeDoux

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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