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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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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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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