capital budget

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House Majority Coalition

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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Rep. Paul Seaton

Rep. Seaton’s February 6th Newsletter

Greetings from Juneau this 21st day of session. This week I took part in two panels focused on Alaska’s fiscal situation. The first, held by Alaska Common Ground, was nearly three hours long and included members of the House, the Senate, and the executive branch. All the panelists seemed to agree that we should act this year, but what that action would look like and how much of the fiscal problem it should address was not so unanimous.

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Alaska state and flag

NEWS: House Ends Historic Fifth Special Session Without Progress on a Comprehensive Fiscal Plan

Juneau – Today, the Alaska House of Representatives adjourned the Fifth Special Session of the 29th Alaska Legislature. Lawmakers were unable to reach consensus on the components of the fiscal plan proposed by Alaska Governor Bill Walker. Despite the setback, the members of the Alaska Independent Democratic Coalition (AIDC) remain committed to finding acceptable solutions to close the budget gap that can garner approval from the Governor, the Alaska Legislature, and the people of Alaska.

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Alaska state and flag

NEWS: Much Good and Some Bad in Governor Walker’s Line Item Budget Vetoes

Anchorage – Earlier today, Alaska Governor Bill Walker used his line-item veto power to cut $1.29 billion from the FY 2017 budgets. The veto includes $430 million in tax credit and other payments to the oil and gas industry down to the statutory minimum requirement of $30 million. The veto of the oil tax credit money is supported by members of the Alaska Independent Democratic Coalition (AIDC) in the Alaska House of Representatives.

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State Capitol Room 208
Juneau AK, 99801