Ending its regular 120-day session without a budget plan in place, the Legislature was called back into its first special session of the year by Gov. Bill Walker.
The body’s regular session expired last week, with unresolved questions on how to address a multibillion-dollar spending deficit. Led by a mostly Democratic majority, the solution put forward by the House consisted of an income tax with some cuts, as well as changes to the state’s oil tax and credit structure. Maintaining its majority in the Senate, Republicans put forward a proposal to utilize a percentage of Permanent Fund earnings...
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