House ends special session with failed ‘Hail Mary’ on budget

State remains on pace to shut down July 1

Sunlight exposes the front of the Alaska State Capitol building on Tuesday, Jan. 3, 2017. (Michael Penn | Juneau Empire)

It was a mic-drop moment on a trampoline.

 

In a surprise Thursday night move, the Alaska House of Representatives attempted to avert a statewide government shutdown by forcing the Alaska Senate and Gov. Bill Walker to accept a take-it-or-leave-it deal.

The Senate left it, and Alaska’s state government is now two weeks from shutting down.

“Tonight was not an ideal end to the session,” said Speaker of the House Bryce Edgmon, D-Dillingham, shortly after the House adjourned.

In a series of caucus-line votes, the coalition majority that runs the House inserted a version of the state operating budget, funded primarily with savings from the earnings reserve of the Alaska Permanent Fund, into the state’s capital construction budget. The House approved that combined budget and adjourned a special session called by Walker.

With the House having left the special session, the Senate must accept the House’s version of things or reject it and end the special session with no deal.

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Daniel Donkel 7 days ago
For 50 years Alaska's oil and gas laws have been unfairly influenced by big oil so only a few majors can control 95% of all oil markets and this helps keep Alaskans and other smaller explorers out, so the state is mostly locked up by a modern day monopoly and a rigged system that is hard to fix! They hide this well and they own the media in my opinion!

As the majors slowed or stopped exploration and the rigged oil and gas Agencies keep Alaskans and smaller competitors out of Alaska's oil prodcution, the results are this broken system that keeps oil prodcution and income at a steep decline from 2 million barrels of oil per day to 500,000!

With $70 Billion in the oil fund and saving accounts, ( Permanent fund) , now the state is crying broke and the Governor vetoed the cash credits that the state use to induce non producers and smaller investors, this did not affect the majors!

The bait and switch came when the Alaska Governor vetoed $600 million which was 1% of the $60 billion they state has in the fund, how wrong was that! 

This veto not to pay what was promised tells the investment world a lot about the state of Alaska. This is in part why Alaska is hurting, they shot themselves in the foot!

These earned cash credits by the state of Alaska was aimed to encourage risky exploration so the state can increase it's royalty and taxes but the majors keep its tax benefits as they write it off the top and get paid by not having pay billions in taxes but with the smaller competitors they don't anything until the veto is corrected or who knows what or when! That is wrong to hurt the small competitors and enrich the big oil companies that have a monopoly and many unfair advantages! 

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