Juneau – Thursday night, to avert the looming government shutdown, the Alaska State Legislature passed the Fiscal Year 2018 Operating Budget. The compromise budget totals $4.1 billion in Unrestricted General Fund (UGF) spending and sets this year’s Permanent Fund Dividend at $1,100. The K-12 Base Student Allocation (BSA) will be fully funded at $1.2 billion, […]
U.S. Senator Lisa Murkowski (R-AK) chaired the Interior, Environment, and Related Agencies Appropriations Subcommittee hearing on the FY 2018 Budget Request for the Department of the Interior. Her opening remarks reflected Alaskan needs, highlighting areas of concern in the budget, such as the need for adequate funding for the Bureau of Indian Affairs (BIA), and […]
JUNEAU— Governor Bill Walker reacted to Standard & Poor’s (S&P) announcement today that Alaska’s credit ratings are being placed on negative CreditWatch. The report cites the lack of a budget for fiscal year 2018, continued reliance on savings to pay for government services, and a lack of new revenues as reasons for the negative outlook. […]
Juneau – Speaker of the House Rep. Bryce Edgmon (D-Dillingham) has released the following statement in response to news that S&P Global Ratings has placed the State of Alaska on its CreditWatch and has indicated that Alaska’s credit rating would likely be lowered without the passage of significant fiscal reforms this year. “Today’s action by […]