The plan was introduced by Gov. Sean Parnell, and it comes in response to the closure of the Flint Hills oil refinery. It originally applied to the Petro Star refineries in Valdez and North Pole and the Tesoro refinery in Kenai, but was amended yesterday to include the shuttered Agrium fertilizer plant in Nikiski.
The bill allows each of those facilities to secure an tax credit or payment of $10 million a year if they spend $25 million on tangible assets.
Supporters of the bill argue it’s necessary to keep the refineries running because of the jobs they provide and their importance to the state’s military bases. But some Democrats have characterized the bill as a bailout, and they unsuccessfully tried amending the bill so that the money would be given out as loans instead.
The bill passed today on a 35-5 vote. Anchorage Democrats Les Gara, Harriet Drummond, and Andy Josephson opposed the bill, along with Juneau Democrat Sam Kito III and Eagle River Republican Lora Reinbold. It still needs to be approved by the Senate.
- "We’re all expecting to see this fiscal contraction and a reduction in economic indicators. But the reality is that what’s going on at the state level hasn’t hit the communities yet. It hasn’t hit Juneau yet," local analyst Meilani Schijvens says.
- Scattered throughout Alaska are hundreds of pieces of land that have been transferred to Alaska Native Corporations by the federal government.Some came with contamination. Getting them cleaned up has been a decades long process, and a new report catalogs those contaminated sites, but leaves some questions about who will orchestrate cleanup – and when.
- A bullet struck a Juneau school bus with two students aboard it Wednesday, according to a news release from Juneau Police Department.
- The Kenai Peninsula Borough Assembly has decided to continue allowing religious groups to offer invocations at its meetings after an invocation from a member of the Satanic Temple prompted a call for change.