Rep. Gabrielle LeDoux

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Rep. Gabrielle LeDoux

Rep. LeDoux’s July 21st Newsletter: End of cash credits & adjournment

Late Saturday night, the legislature found compromise and passed HB111, ending cash payments to oil companies. This effort will save the state $150-200 million annually for the next 10 years. These cash payments incentivized exploration and production efforts, but paying the companies cash just didn’t make sense as we try to balance the budget and fill this $2.5’ish billion deficit. Instead, the companies can now recover their costs once fields go into production.

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House Majority Coalition

NEWS: Special Session Compromise; End Cash Credits Now

Anchorage – The Alaska House Majority Coalition has communicated a proposed compromise to the Alaska Senate Majority to address oil tax credit reform, which is the subject of the ongoing Second Special Session of the 30th Alaska State Legislature. Coalition members support changes to House Bill 111 to end the practice of paying oil companies cash subsidies for certain tax credits. This is expected to save the State of Alaska an estimated $1.5 billion over the next ten years.

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House Majority Coalition

NEWS: Coalition Press Availability Thursday to Discuss Oil Industry Subsidies

Juneau – The Alaska House Majority Coalition will hold a press availability Thursday afternoon to answer questions from reporters covering the 30th Alaska State Legislature. Specifically, Coalition members will discuss legislation to reform Alaska’s oil tax regime. Participants will include Majority Leader Rep. Chris Tuck (D-Anchorage), House Rules Committee Chair Rep. Gabrielle LeDoux (R-Anchorage), House Finance Committee Vice-chair Rep. Les Gara (D-Anchorage), and House Resources Committee Co-chair Rep. Geran Tarr (D-Anchorage).

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House Majority Coalition

NEWS: Budget Compromise Achieved, Government Shutdown Averted

Juneau – Tonight, to avert the looming government shutdown, the Alaska State Legislature passed the Fiscal Year 2018 Operating Budget. The compromise budget totals $4.1 billion in Unrestricted General Fund (UGF) spending and sets this year’s Permanent Fund Dividend at $1,100. The K-12 Base Student Allocation (BSA) will be fully funded at $1.2 billion, the same level of funding as the current year. This reverses the $69 million cut to education advanced by the Alaska Senate. 

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Rep. Gabrielle LeDoux

Rep. LeDoux’s June 21st Newsletter: Muldoon Farmers Market – opens this Saturday, June 24th

Taking a break from the budget negotiations in Juneau, I wanted to remind you that this Saturday, June 24th, the Muldoon Farmers Market opens for the season. Located at Begich Middle School (7440 Creekside Center Drive, in Anchorage), this “market by the mountains” runs every Saturday from June 24th until September 23rd, and is open from 9:30 a.m. until 2:30 p.m.

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Phone
Phone: 907-465-4451
Fax: 907-465-3445

Address
State Capitol Room 208
Juneau AK, 99801