Compromise on HB 111 – Ending Cash Payments to Oil
Dear Friends and Neighbors,
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.
On July 15th the Legislature passed a compromise version of the oil and gas tax credits bill (HB111). The bill passed the House 33-6 and the Senate 18-0. After weeks of negotiations, this does represent a genuine compromise.
Elements of the oil tax credit compromise:
While House Bill 111 did not accomplish the overhaul I think is necessary to have a more stable and reliable system we have a Working Group in place to continue evaluating our oil and gas tax policy over the remaining time in the interim. I’ll keep pushing for something that works better. In the meantime, the bill passed was absolutely the right thing for the state and will save hundreds of millions of dollars.
Russian Jack Community Picnic!
Last month, we got together for the Airport Heights Picnic and the Mountain View Street Fair! It was so nice to see you! This weekend, we have the Russian Jack Community Picnic on Saturday, July 22, from 11 am – 2 pm, hosted by the Russian Jack Community Council. Hope you’ll come out, grab a hot dog, get your face painted, and say hello to your local legislators! I’ll definitely be there, along with Senators Begich and Wielechowski, Representative Spohnholz, and Assemblymen Dunbar and Petersen! This year they’re encouraging everyone to think green, so be sure to remember to bring picnic blankets, plates and utensils too!
Hope you can make it this Saturday, July 22nd, from 11am-2pm at the Polar Bear Park!
P.S. We’re back and set up in our Anchorage office at 1500 W. Benson, on the 4th floor in Room 422. Please come by for a visit or get in touch and let us know where we can meet you!