Friday’s Fast Five

Headlamp wants our followers to always be up to date with the developments in Alaska’s economy, politics, and industry. Check out this week’s rundown of the stories affecting you.

Top Story of the Week

This week, following a legislative session extension as lawmakers could not find consensus on a number of fiscal issues, the oil and gas tax credit battle has emerged as the lynchpin legislation for a budget solution. According to House Speaker Mike Chenault, “I don’t see revenue packages moving to the floor until we get through the oil tax issue. Then I think that will open the floodgates and allow other pieces of legislation to be voted on.”

Top Reads of the Week

Legislative leaders say budget work is progressing behind scenes
Alaska Dispatch News, Nathaniel Herz, April 20, 2016
Alaska lawmakers Wednesday made no public progress on either of the two big problems still facing them on their third day of overtime, though legislative leaders said they’re still working behind the scenes.

Alaska’s Permanent Fund Loses Its Sacrosanct Status
The Wall Street Journal, Jim Carlton, April 16, 2016
For decades, redirecting Alaska’s Permanent Fund—oil industry proceeds set aside for the state, which also provides payouts to residents—has been seen as a third rail of the state’s politics.

Murkowski’s energy bill passes Senate after months of delays
Alaska Dispatch News, Erica Martinson, April 20, 2016
Sen. Lisa Murkowski scored a big win Wednesday when the Senate passed her energy bill — the first in nearly a decade — loaded with provisions to bolster renewable energy, clear the way for natural gas out of Alaska and even rename some federal land for a former Alaska governor.

Quote of the Week

“So I say let’s get off of this.” – Governor Bill Walker expressing his desire for Alaska to become less reliant on oil as an energy source.