NEWS: Alaska House Majority Coalition Responds to October Special Session Announcement
Anchorage – The members of the Alaska House Majority Coalition respond to news that Alaska Governor Bill Walker will call the 30th Alaska State Legislature into a 4th Special Session in late October. The special session will be focused on a not yet disclosed revenue measure, or measures, to fill the projected $2.7 billion budget gap brought on by the continued low price of oil, which has pushed Alaska into a fiscal crisis and lingering recession.
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NEWS: Coalition Members Appalled by President Trump’s Response to the Violence in Charlottesville, Virginia
Anchorage – The members of the bipartisan Majority organization in the Alaska House of Representatives are appalled by President Donald Trump’s response to last week’s events in Charlottesville, Virginia. The President insisted that blame for the violence and hatred be equally spread among all participants, including those protesting Nazi, white-supremacist, homophobic, and anti-Semitic ideology.
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NEWS: Senate Health Care Vote Means Thousands of Alaskans Will Retain Insurance Coverage
Anchorage – Today, members of the Alaska House Majority Coalition expressed gratitude that the U.S. Senate turned down federal legislation that would take health care away from millions of Americans.
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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: Legislature to Convene Thursday for Capital Budget
ANCHORAGE – Speaker of the House Bryce Edgmon, D-Dillingham, and Senate President Pete Kelly, R-Fairbanks, today released the following statement.
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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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NEWS: Coalition Working with the Governor and Senate to Quickly Pass a Capital Budget
Anchorage – With the passage of legislation last week to reform Alaska’s oil industry subsidies, the attention of the Alaska Legislature turns to the Fiscal Year 2018 Capital Budget. That budget needs to pass before the start of the federal fiscal year in October in order to prevent the loss of over a billion dollars in federal funding. The Alaska House Majority Coalition hopes to negotiate a compromise with the Alaska State Senate and Governor Walker to pass the FY 18 Capital Budget before returning lawmakers to Juneau for final action. To this end, the Co-chairs of the Finance Committees in the House and Senate have already started meeting to discuss the details of a Capital Budget compromise.
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NEWS: Compromise Achieved to Reform Alaska’s Unsustainable Oil Tax Credit System
Juneau – Tonight, the Alaska Legislature passed a compromise version of legislation to reform Alaska’s system of subsidizing the oil industry on the North Slope with tax credits. House Bill 111 ends Alaska’s unique cash for tax credits system and strengthens the four percent minimum tax to ensure Alaska receives some production tax revenue in times of low oil prices. Tonight’s compromise was brokered by House Resources Committee Co-chair Representative Geran Tarr (D-Anchorage), who served as the Chair of the HB 111 Conference Committee.
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NEWS: HB 111 Conference Committee Meeting Scheduled for Wednesday Afternoon in Anchorage
Anchorage – Representative Geran Tarr (D-Anchorage), Chair of the House Bill 111 Conference Committee, is calling the committee together for a meeting in Anchorage Wednesday at 3:00 p.m. to discuss a proposed compromise to end the unaffordable practice of paying oil companies on the North Slope cash for tax credits. The HB 111 Conference Committee is tasked with working out the differences between the competing versions of the bill passed by the Alaska House of Representatives and the Alaska State Senate.
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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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