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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NEWS: Resources Committee Co-chairs will Lead Effort to Reform Unsustainable Oil Industry Subsidies

Juneau – On Monday, Speaker of the House Rep. Bryce Edgmon (D-Dillingham) appointed House members to negotiate a compromise on legislation to reform Alaska’s unsustainable oil tax credit system that passed both the House and Senate. House Resources Committee Co-chairs Rep. Geran Tarr (D-Anchorage) and Rep. Andy Josephson (D-Anchorage) will represent the House Majority on the conference committee. The House Minority will be represented by Rep. Dave Talerico (R-Healy). The State Senate is expected to appoint their members to the conference committee on Wednesday.

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Rep. Seaton’s May 8th Newsletter

Rep. Paul Seaton

Greetings from Juneau this 112th day of session. All last week House Finance heard testimony from various sectors of the economy, from industry leaders and nonprofits to municipalities and economists. The question was: How the state’s current fiscal situation affects their constituency and is there a need for a fiscal plan this year. You can watch Friday’s presentations by Jonathan King of Northern Economics and Caroline Schultz with the Governor’s Office.

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NEWS: House Finance Committee to Review the Alaska Economy and Fiscal Policy

Juneau – The members of the Finance Committee in the Alaska House of Representatives will spend all week examining Alaska’s fiscal policy and how policy changes will impact the Alaska economy. The committee will hear from business, municipal, labor, and tribal representatives in addition to presentations from the Alaska Department of Revenue and the non-partisan Legislative Finance Division.

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Rep. Seaton’s April 24th Newsletter

Rep. Paul Seaton

Greetings from Juneau this 98th day of session. I am pleased to share that the Senate Labor & Commerce committee has scheduled hearings for HB 115 Education Funding Act-School Tax every day this week starting Tuesday. As the governor noted in his recent press conference, a broad-based tax is necessary for a balanced fiscal solution.

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