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JUNEAU, Alaska (AP) – A Republican state senator has announced plans to run for governor in Alaska. Sen. Mike Dunleavy of Wasilla on Monday filed with the Alaska Public Offices Commission a letter of intent to run. The election will be held next year. Gov. Bill Walker, a Republican-turned-independent, has not formally announced whether he’ll seek re-election. Walker told reporters Monday that he is focused on getting a state capital budget passed. Dunleavy had been flirting with the idea of running for governor for some time. Earlier this yea...
JUNEAU, Alaska (AP) – The Alaska Legislature, motivated by the threat of a government shutdown, approved a plan late Thursday to fund state operations for another year. The proposal, advanced by budget negotiators and passed by the House and Senate, would continue to draw from savings to help fill the state’s multibillion-dollar deficit, something Gov. Bill Walker had hoped to avoid. It also would fully fund K-12 education, provide $57 million for oil and gas tax credits and limit to $1,100 the size of this year’s dividend check Alaskans recei...
The Senate Finance Committee reviewed a bill which could end up reshaping the future of the state’s finances last week. As with two other bills under consideration, the Permanent Fund Protection Act (Senate Bill 26) would arrange the Permanent Fund’s Earnings Reserve Account – from which the state’s annual dividends are paid out – so that the amount of money drawn from the earnings would be tied to an historical average of percent of market value (POMV). Proposed by Gov. Bill Walker, a percentage of the ERA under this new regime would the...
As the Alaska House and Senate continue to prepare budgets for the coming year, residents of Wrangell and Ketchikan were invited to their Legislative Information Office locations for a call-in session with Rep. Dan Ortiz (I-District 36). Meeting late in the afternoon February 23, 10 Wrangell residents and seven in Ketchikan tuned in for the representative’s pitch for House Bill 115, a proposal to reconfigure Alaska’s Permanent Fund along with revenue enhancements being sponsored by the Majority-led House Finance Committee. The bill calls for...
Entering its third full week of the session, Alaska’s Legislature continues to look at a variety of spending cuts and revenue options. On February 2, the Senate Finance Committee heard SB 21, a proposal of Sen. Bert Stedman to restructure how Permanent Fund earnings are appropriated. Currently the $56B in the fund are constitutionally protected, but the bill proposes further limiting the amount of money that can be withdrawn from the principal to 4.5 percent of market value, based on a rolling five-year average. That rate falls within the f...
Alaska’s 30th Legislature convened for its new session on Tuesday, with the state’s finances presenting a daunting challenge for the next 90 days. The spending deficit is projected at around $3.1 billion this year if the budget is left as-is. Agency spending has come to just over 13-percent since FY15, and the budget as a whole has taken a 29-percent cut when capital projects and other funding is considered. Revenue has failed to cover operating expenses since FY13, but has covered an ever-dwindling proportion since. This year the $1.2 bil...
JUNEAU (AP) – Alaska legislators agree on the need to address the state’s multibillion-dollar budget deficit. But rifts remain over how best to do that, with divisions forming over taxes, how much to keep cutting spending and whether the state needs to tinker with Alaskans’ beloved yearly oil wealth checks. A new 90-day legislative session began Tuesday, with many lawmakers citing a sense of urgency amid the continued drawdown of state savings. Last year’s regular and special sessions were snarled by gridlock ahead of a heated election season....
JUNEAU (AP) – Bills that would restore the portion of Alaskans’ oil wealth checks that were cut by Gov. Bill Walker last year were filed Monday, ahead of the start of the new legislative session. The legislation to restore dividends was proposed by Republican Sen. Mike Dunleavy of Wasilla and incoming Republican Rep. David Eastman of Wasilla. Democratic Sen. Bill Wielechowski of Anchorage revived a proposal he has pushed previously with little success which he said would enshrine the current dividend formula in the state Constitution. The Ala...
JUNEAU, Alaska (AP) – U.S. Sen. Dan Sullivan said Monday that Alaska is an area of strategic importance to the country, given its foothold in the Arctic and production of oil, seafood and other resources. In an address to state lawmakers, he spoke about the state’s role in improving its own fiscal standing and that of the United States. He also highlighted several issues facing Alaska, including long-standing problems with domestic violence and sexual abuse, a veterans’ health care system that he said is not working and rising number of opioi...
Volunteers are needed to help craft new safety rules that are being written for older boats – which includes the bulk of Alaska’s fishing vessels. Called the Alternate Compliance Safety Program (ACSP), it is part of the 2010 US Coast Guard Authorization Act and is aimed atvessels that will be 25 years old by 2020, are greater than 50 feet in length, and operate beyond three nautical miles. The program will include most of Alaska’s fishing fleet — a 2014 maritime study by the Juneau-based McDowell Group shows that the majority of Alaska...