NEWS: Special Session Compromise; End Cash Credits Now

Anchorage – The Alaska House Majority Coalition has communicated a proposed compromise to the Alaska Senate Majority to address oil tax credit reform, which is the subject of the ongoing Second Special Session of the 30th Alaska State Legislature. Coalition members support changes to House Bill 111 to end the practice of paying oil companies cash subsidies for certain tax credits. This is expected to save the State of Alaska an estimated $1.5 billion over the next ten years.

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NEWS: Coalition Press Availability Thursday to Discuss Oil Industry Subsidies

Juneau – The Alaska House Majority Coalition will hold a press availability Thursday afternoon to answer questions from reporters covering the 30th Alaska State Legislature. Specifically, Coalition members will discuss legislation to reform Alaska’s oil tax regime. Participants will include Majority Leader Rep. Chris Tuck (D-Anchorage), House Rules Committee Chair Rep. Gabrielle LeDoux (R-Anchorage), House Finance Committee Vice-chair Rep. Les Gara (D-Anchorage), and House Resources Committee Co-chair Rep. Geran Tarr (D-Anchorage).

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NEWS: Budget Compromise Achieved, Government Shutdown Averted

Juneau – Tonight, to avert the looming government shutdown, the Alaska State Legislature passed the Fiscal Year 2018 Operating Budget. The compromise budget totals $4.1 billion in Unrestricted General Fund (UGF) spending and sets this year’s Permanent Fund Dividend at $1,100. The K-12 Base Student Allocation (BSA) will be fully funded at $1.2 billion, the same level of funding as the current year. This reverses the $69 million cut to education advanced by the Alaska Senate. 

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