Governor Mike Dunleavy signed the Fiscal Year 2026 budget for the State of Alaska on June 12, 2025. After vetoes, the state budget amounts to $14.7 billion. The Spring Revenue Forecast projected $68 per barrel oil in FY2026. However, market dynamics have changed since March. The state has experienced lower oil prices, and oil […]
WASHINGTON, D.C. – Thursday, Congressman Nick Begich (R-AK) released the following statement on the House passage of the rescissions package: “Today, I voted in favor of the rescissions package, H.R. 4, a necessary step for restoring fiscal responsibility in our nation. America has been built on principles of freedom of expression, self-determination, sovereignty, personal responsibility, and […]
JUNEAU — Due to the passage of Ballot Measure 1 in November 2024, Alaska’s minimum wage will increase to $13.00 per hour on July 1, 2025. It will subsequently increase to $14.00 on July 1, 2026, and to $15.00 on July 1, 2027. Thereafter, the minimum wage will be adjusted annually for inflation starting January […]
Washington, DC – This week, the Senate Committee on Health, Education, Labor, and Pensions (HELP) held a hearing to consider the nominations of Dr. Penny Schwinn to be Deputy Secretary of Education, Kimberly Richey to be Assistant Secretary for Civil Rights at the Department of Education (ED), Daniel Aronowitz to be Assistant Secretary of Labor for […]