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: Rep. Wool Opposes Dangerous Budget Cuts to the University of Alaska

Rep. Adam Wool

Juneau – The Alaska Senate is scheduled to take up the proposed operating budget for Fiscal Year 2018 on Thursday. The budget that passed the Alaska House of Representatives last month maintained the amount of funding for the University of Alaska at $325 million, but the Alaska Senate Majority is considering a $22 million cut that will be taken up on the Senate Floor Thursday.

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Rep. Wool’s Newsletter: Opportunity to Testify on HB 115 and PFD Deadline

Rep. Wool Newsletter

Things are starting to ramp up down here in Juneau as we are in the home stretch on day 71 of the session. I am hoping that we can finish in the designated session length of 90 days, however the last two years don’t give me a lot of confidence. The important thing is that we don’t leave until we pass some meaningful legislation towards solving our fiscal crises.

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NEWS: Responsible Budget Passes the Alaska House of Representatives

JUNEAU – The Alaska House of Representatives today formally passed a fully funded operating budget for Fiscal Year 2018 that ensures the delivery of essential services and protects the Alaska economy. The $5.1 billion General Fund operating budget reduces spending on agency and statewide operations by a net of $82.5 million compared to the 2017 budget, even after Governor Bill Walker’s vetoes.

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NEWS: Congratulations to Musher Mitch Seavey on a Record-Breaking Iditarod Victory

Juneau – The members of the Alaska House Majority Coalition congratulate Mitch Seavey and his dog team on their record-breaking Iditarod victory today. Seavey arrived in Nome at 3:40 this afternoon with an official time of 8 days, 3 hours, 40 minutes, and 13 seconds. He shattered the old speed record set last year by his son Dallas Seavey, who is a four time Iditarod champion.

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