The Alaska State House Majority held their first press conference of the legislative session earlier today. Since you likely don’t have a half-hour to watch and take it all in, here is a quick look at the major messages we heard:
— They have a fiscal plan. It includes:
- Restructure of Permanent Fund Revenues for use to fund state government.
- New broad-based state taxes. The specifics of which to be decided upon later. The line “You can’t cut your way to a sustainable budget” was repeated several times.
- Reduction of oil and gas tax credits.
— They know the state is in a recession. They believe massive cuts to state employment would further exacerbate that recession and should be avoided.
— They oppose the state spending cap being suggested by the State Senate Majority. They believe taking options off the table for future legislatures is a bad idea.