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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NEWS: Health Care Price Transparency Passes Alaska House

Rep. Ivy Spohnholz

Juneau – Earlier today, the Alaska House of Representative passed legislation to empower consumers by requiring health care providers and facilities to post a list of the prices for the most commonly provided procedures. House Bill 123, sponsored by Representative Ivy Spohnholz, requires health care providers to post health care price information in their public reception areas and online. They would also be required to provide that information to the State of Alaska, which will make it available on the Alaska Department of Health and Social Services’ website.

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Rep. Spohnholz’s Newsletter: Testify About Income Tax

Rep. Spohnholz's newsletter

The first week of Budget Basics, we talked about the context of the budget discussion. Due to a significant drop in oil revenue, we have a $2.7 billion dollar deficit. Next, we discussed the importance of generating sustainable revenue to support essential services, like public safety and education. I shared with you last week that the house passed a fully funded, responsible operating budget.

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