NEWS: Alaska House Passes Major Piece of a Comprehensive Fiscal Plan

Juneau – The Alaska House of Representatives today passed a major component of the plan put forward by the members of the Alaska House Majority Coalition to fully address Alaska’s $2.7 billion funding gap. Senate Bill 26 creates a sustainable draw from the earnings of the Alaska Permanent Fund, while still paying out dividends and protecting the principle of the fund.

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NEWS: Alaska House Moves to Fix Alaska’s Flawed Oil Tax Credit System

Juneau – The Alaska House of Representatives today passed legislation to reform Alaska’s flawed and unsustainable system of oil and gas subsidies. Without changes, the State of Alaska is projected to pay out more in oil tax credits in Fiscal Year 2018 than the state will take in from production taxes. Production tax revenue used to be Alaska’s leading source of revenue.

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Rep. Seaton’s April 10th Newsletter

Rep. Paul Seaton

Greetings from Juneau this 84th day of session. The Senate passed the operating budget. The House will not agree with their cuts, including those to education, so the next step will be appointing the conference committee. There is more information about the Senate’s cuts below under the Operating Budget section.

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Rep. Seaton’s April 3rd Newsletter

Rep. Paul Seaton

Greetings from Juneau this 77th day of session. Our coalition remains committed to working toward a fiscal solution that is fair and balanced for all Alaskans, is sustainable over time, and addresses the whole deficit. The finance committee put in many hours this week working on HB 115, the State Revenue Restructuring Act. Thank you to everyone who participated in the second round of public testimony. It is clear that many Alaskans have put time and energy into understanding the issues and solutions facing our state. The work continues today and tomorrow as we address technical and policy amendments.

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