The provision limits state revenue when oil prices rise, and doesn’t allow the state to adjust for inflation.
Andrew Kitchenman
State Government Reporter, Alaska Public Media & KTOO
State government plays an outsized role in the life of Alaskans. As the state continues to go through the painful process of deciding what its priorities are, I bring Alaskans to the scene of a government in transition.
Senate votes to cut Permanent Fund dividend to pay for state budget
Without changes, the state runs the risk of exhausting its savings – imperiling all dividends – in a few years.
Legislature passes oil and gas tax credit bill, but funds’ fate remains uncertain
The next round of credits depends on funding that one key lawmaker is already calling on Gov. Bill Walker to veto.
Senate passes bill aimed at lowering individual health insurance costs
Sen. Mia Costello noted that insurance bills now exceed many families’ mortgage payments
Ellis, Huggins and 2 other state senators won’t seek re-election
Democrats Tom Begich and Ed Wesley are running to succeed Ellis. Republicans Wasilla Rep. Lynn Gattis and David Wilson are running for Huggins’ Senate seat.
Walker says the legislature must pass a fiscal plan
Some legislators are calling for Walker to be more involved in advocating for his bills.