The Morning Headlamp: 41 days until Juneau…quite the bill for AK’s special session…AK industry continues to look for solutions

The bill has arrived. According to KTUU coverage, October’s special legislative session cost Alaskan tax payers roughly $1.5 million. While Alaska’s part-time Legislature typically gathers in Juneau for 90 days, the regular session was extended eight days, and three special sessions were called. The first two lasted a combined 46 days and dealt primarily with crafting the operating budget, costing the state $441,724 and $454,543 respectively. A third special session that started in October lasted 13 days and ended with the state buying TransCanada’s stake in the Alaska LNG Project. Some receipts have not yet been tallied, but $567,527 has already been accounted for. Approximately $153,000 of that total comes from per diem, lodging and travel for legislative staffers.

Business group forms around fiscal deficit.  Alaska telecom company GCI has launched a new nonprofit project, OneAlaska, to rally Alaskans and their lawmakers behind a solution to the state’s fiscal crisis. The group says a major financial collapse caused by unresolved deficits poses a grave threat to GCI’s business model and the broader state economy.  Headlamp applauds OneAlaska for their recognition of the problem and looks forward to more detail about their plans. 

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First Reads

Alaska legislators spent $1.5 million on special lawmaking sessions
KTUU, Austin Baird, December 7, 2015

GCI recruiting allies as it ramps up campaign to tackle Alaska’s fiscal crisis
Alaska Dispatch News, Nathaniel Herz, December 7, 2015

 

Alaska Energy News

Cheap oil a good news-bad news situation
AP, December 8, 2015

Fuel-rich states face falling revenue, uncertain future
AP, December 7, 2015

Tanacross hydropower project nets $500K federal grant
Alaska Public Radio News, Robert Hannon, December 7, 2015