At the request of Daniel Hamm, the Chair of the Alaska Republican Assembly, I prepared a brief update yesterday for the Assembly’s monthly meeting on where things stand on the Alaska state budget as we prepare to head into the next Special Session.
The hi-lite (if you can call it that) is the summary of where we are on the spending line. Despite claims by others, as things currently stand FY 2017 spending disappointingly looks to be headed toward the $5.3 billion mark, down only slightly from FY 2016.
With oil and gas tax credits — the third highest spending category in the FY 2017 budget — again on the agenda, the upcoming Special Session provides the legislature with yet another opportunity to drive that number lower. Hopefully they will take it.
The update is above, or also available here.