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Rep. Josephson's Newsletter

Rep. Josephson’s Newsletter: Common Ground and Elections!

On Saturday, October 1, I attended an all-day Fiscal Policy Summit sponsored by Alaska Common Ground. Subjects included: (1) Our Fiscal System and Deep Structural Deficit; (2) Impacts of Fiscal Solutions on Jobs and Incomes; (3) Oil and Gas Tax Credits; (4) Scenarios for Fiscal Solutions; (5) the Anchorage Economy; (6) the Case for Budget Cuts, and related topics.

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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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Rep. Sam Kito's newsletter

Rep. Kito’s Newsletter: Update on Governor’s vetoes & 5th special session

We all know Alaska is in a bind. Oil prices are currently stabilized, but at a relatively low level, which means that our state income from oil is now in the neighborhood of $705 million unrestricted general funds (UGF). Add in $500 million from non-petroleum revenue and we have about $1.2 billion UGF. While that sounds like a lot of money, we are looking at a General Fund budget of around $4.5 billion. This means that we have a hole of more than a $3 billion in our state budget.

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Phone: 907-465-6791

Address
State Capitol Room 208
Juneau AK, 99801