Rep. Sam Kito discusses likelihood of governor's request on state fiscal gap

    What's the likelihood that Governor Walker will end up getting what he requested to address the state's fiscal gap?

    Posted Friday, May 6th, 2016 10:00am by Colt Dylan

    What's the likelihood that Governor Walker will end up getting what he requested to address the state's fiscal gap?

    That question was posed to Juneau Representative Sam Kito on Action Line today Thursday, "We are still, and it's unfortunate to say, still a ways away from trying to get to that point and I know the governor's broad based plan is getting a little bit of consideration but right now we have a big situation that we're tying to address with oil and gas tax credits. That bill, HB247, did not have the votes to pass on the house floor. It has now been the subject of a lot of different discussions around the capital. "

    According to a report in the Alaska Dispatch, a draft version of the changes proposed by Wilson and Seaton would net the state as much as $305 Million in 2018 and 2019 over the current system.  As the newspaper points out, that is still down sharply from the $1 Billion that could be generated by the Governor's original proposal.

    More from News of the North

    Crude Oil Price

    Current Conditions