The new bill would slow rate increases to match inflation instead of instituting a one-time price hike.
Alaska’s state government can expect $1.3 billion less than it previously forecast, largely because of the drop in oil prices.
Typically, some of the most intense fights at the Alaska state Capitol are between Democrats and Republicans. But one of the biggest ideological fractures complicating this year's legislative session is within the GOP, and that's creating some strange bedfellows.
Big parts of Gov. Dunleavy’s agenda remain unfinished. But he still has time, tools at his disposal.
With the legislative session winding down, Alaska Gov. Mike Dunleavy has gotten traction with some of his ideas, but many others have stalled. The governor's office is still holding out for more, but his allies say Dunleavy can still declare victory without passage of specific bills or initiatives.
Candidate Dunleavy said he had no plans to cut ferries, schools, university. Then Gov. Dunleavy proposed deep reductions.
Dunleavy’s shifting positions on state spending and budget cuts have left critics fuming; they argue that the governor was able to make dubious claims on the campaign trail that were never debunked by a weakened mainstream media, and that that might have changed the election's outcome.
Dunleavy is proposing to increase spending on a handful of projects and programs. They represent some of the governor's core priorities, like public safety and criminal justice, along with non-negotiable obligations, like the system that pays pensions to retired teachers and other public employees.
Standard & Poor's downgraded Alaska's credit rating Tuesday after months of warnings to shore up the state budget. With plunging oil prices wreaking havoc on the state's budget, the agency knocked the state down a notch from the top AAA rating it has held for the last four years. Download Audio
The governor's budget gets about half a billion dollars from the oil and gas industry, proposing deep cuts to the state's system of oil and gas tax credits.
Gov. Bill Walker released his plan for dealing with the state's mammoth budget deficit. It includes Alaska's first income tax since 1980, and a complete overhaul of the permanent fund -- effectively cutting PFD checks in half next year. Download Audio
Gov. Bill Walker released his battle plan today for dealing with the state's behemoth budget deficit. It includes Alaska's first income tax since 1980, and a complete overhaul of how the state uses the permanent fund -- effectively cutting PFD checks in half next year.
Lawmakers may gavel out this evening after a week long stalemate on the budget.
The Legislature had already received more than $1 billion in capital requests from communities and organizations. Of those, only health and public safety projects will get priority consideration.
Does money flow through your fingers at an alarming rate? Do you understand how credit cards work? Do you buy things you really can't afford? Studies show young people are at increasing risk because they don't understand money at a time when they'll be called upon to manage their own financial resources well. Get advice and tips from the experts on the next Hometown Alaska with host Kathleen McCoy and some money-savvy guests. KSKA: Wednesday 9/25, at 2:00 pm (LIVE) and 9:00 pm Listen Now
The Anchorage School Board unanimously approved a new contract for teachers on Monday night. The district saved money in two ways, by not providing benefits for some part-time teachers and by issuing bonuses that do not count toward benefits for other teachers instead of increasing their salaries.
The Anchorage School Board passed their preliminary 2013-2014 budget Monday (2/4) night after hearing testimony from the public.
The Anchorage Assembly unanimously passed the 2013 budget Tuesday night with a few amendments. One of the budget items which received lots of attention over the past few weeks was proposed cuts to the fire department, including the elimination of a truck in Eagle River and a water tender near the Hillside.
City Clerks Office Reviews Voting Problems. Bethel Judge Removed From Bench. Senate Passes Budget. Cleveland Volcano Acts Up. Fisheries Panel Moves to Protect Undersea Canyons. U.S. and Russian Coast Guards Work Together. Courts To Consider FASD Mitigations. Rural Hazardous Waste Problems. Yupik Dancers Wow Neatherlands Festival.
Yesterday morning School Superintendent Carol Comeau presented her administration's proposed 2012-2013 budget to the Anchorage School Board, which then began a two day, in-depth review. Compared to recent years, the general operating fund increase is slight, less than two million dollars, but in terms of program and personnel cuts, the impact is deep.
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