With the House’s adjournment July 15 and the Senate’s adjournment July 18, the 29th Alaska Legislature has officially ended its fifth special session without taking any action.
Gov. Bill Walker had called the legislature back to reconsider bills on restructuring the Permanent Fund, new taxes and oil and gas tax credits.
July 11, 2016
The 29th Alaska Legislature has convened in Juneau for its fifth special session.
Gov. Bill Walker called the legislature back to reconsider legislation to restructure the Permanent Fund, create new taxes and revisit oil and gas tax credits.
The legislature had adjourned its fourth special session on June 19 after passing an operating and capital budget, but without advancing other elements of Walker’s longer-term plan for stabilizing the state’s finances.
On June 29, Walker used line-item vetoes to further cut the budget and cut Permanent Fund dividends down to $1,000, about half of what was projected to be paid out. His vetoes reduced spending by $1.3 billion. The state was on track to exhaust its savings in four years without cuts.
Walker said he was taking the political heat so legislators could focus on fixing the state’s long-term fiscal problems.