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Rep. Spohnholz's newsletter

Rep. Spohnholz’s Newsletter: Testify About Income Tax

The first week of Budget Basics, we talked about the context of the budget discussion. Due to a significant drop in oil revenue, we have a $2.7 billion dollar deficit. Next, we discussed the importance of generating sustainable revenue to support essential services, like public safety and education. I shared with you last week that the house passed a fully funded, responsible operating budget.

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Rep. Paul Seaton

Rep. Seaton’s March 27th Newsletter

Greetings from Juneau this 70th day of session. Work towards a fiscal solution continues in earnest throughout the capitol. The finance committee spent hours last week considering HB 111, which looks to reform our oil and gas tax credit system to limit state liability and increase revenues when prices are higher. A key part of a stable fiscal plan is ensuring that the state balance sheet is protected against an accumulation of costly credits during low prices or because of bad investments by the oil companies. Thank you to all the Alaskans who came out Saturday to testify on HB 111.

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Rep. Geran Tarr

Rep. Tarr’s Newsletter: 8 Budget Meetings, 1 Budget Survey, and Working Towards a Fiscal Plan

I just want to take a moment to review where we’ve been and where we are now regarding the budget and a fiscal plan. The conversation about the budget and how to get our fiscal house in order is not new. I held my first community meeting in the Fall of 2015 because I knew then we needed to take action. I was pleased with the large crowd in attendance because that told me you all cared and knew we had to take action too. We had Bob Loeffler of ISER bring the Budget Balancing Game and we spent time trying to figure out how to balance the budget ourselves. Options ranged from just using the Permanent Fund to statewide taxes like sales and income taxes or more cuts. The game demonstrated the challenge of finding the right solution.

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Phone: 907-465-6791

Address
State Capitol Room 208
Juneau AK, 99801