Alaska Senate Democrats pitch budget plan

    JUNEAU, Alaska (AP) — A plan from minority Senate Democrats for addressing Alaska's deficit calls for reworking state oil tax policy and implementing broad-based taxes before moving to the potential use of earnings from Alaska's oil-wealth fund.

    The plan would start with what they call targeted cuts, to things like tax credits and mega-projects.

    From there, they propose tackling oil taxes before taking up a broad-based tax, like an income tax. Use of Alaska Permanent Fund earnings for state government would be the last item for debate.

    Republican Senate President Pete Kelly has said his majority will evaluate the use of fund earnings but won't act on that until there is a spending limit in place and proven budget reductions. The majority is pursuing $300 million in cuts for next year.

     

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