Alaska Senate Invites House to Address Capital Budget
JUNEAU – Today, the Alaska State Senate invited the House to join them in a new special session beginning this week in Juneau to finalize a capital budget that keeps Alaskans working on key projects across the state.
The Senate issued the invitation late Saturday at the close of a special session addressing oil tax credits.
“Alaska is facing tough economic times,” said Sen. Anna MacKinnon, R-Eagle River, co-chair of the Senate Finance Committee. “Job losses are high, our unemployment rate at 6 percent is the highest in the nation, and we’ve lost ground on other key indicators. Eliminating cash payments to oil companies was a good step forward, and we must now turn our focus to a capital budget.”
The capital budget invests $56 million of state funds to leverage $1.2 billion in federal money. Without a capital budget in place by July 31, negative impacts will be felt as early as this fall.
“The Senate remains committed to addressing the critical issues before the state,” said Sen. Peter Micciche, R-Soldotna. “We delivered on an operating budget and eliminated cash payments to oil companies. Now, it is imperative we pass a responsible capital budget that leverages federal funds and keeps Alaskans employed. We are close to agreement and should continue negotiations toward a prompt resolution.”
The Senate awaits the House’s response to this invitation to continue the state’s business in Juneau, and hopes to work together to resolve another issue critical to the state’s economy.