NEWS: Governor Signs Bill Ending Cashable Tax Subsidies

Rep. Geran Tarr

Juneau – Today, Alaska Governor Bill Walker signed House Bill 111 into law, ending cashable subsidies on the North Slope, and making modest adjustments to Alaska’s oil and gas tax code. HB 111 was sponsored by the House Resources Committee, Co-Chaired by Representative Geran Tarr (D-Anchorage) and Representative Andy Josephson (D-Anchorage).

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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. Tarr’s July 20th Newsletter: Negotiating a Compromise to End Cash Payments to Oil Companies & Russian Jack Picnic

Tarr's Times

I’m pleased to write this after having worked hard to negotiate a compromise bill to end oil and gas cash subsidy payments. When asked about these subsidies in a recent budget survey, 93% of respondents in our area said they needed to end. I listened and worked with my colleagues, and as the Chair of the Conference Committee on HB 111, to make that a reality.

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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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