Alaska Gov. Mike Dunleavy has approved a $14.4 billion budget for the fiscal year that begins in July, vetoing $400 million from the spending plan advanced by the Legislature.
last month and promising that the plan would leave enough savings to account for a potential drop in oil prices after they spiked this year.
Dunleavy, a Republican running for reelection this year, called the plan “a great budget for Alaska.” The budget relies on an oil revenue windfall into the state treasury to provide public education investments and funding to municipalities not seen in previous years of Dunleavy’s tenure. The governor said he expected enough money to go into savings, thanks to high oil prices, to cover budget needs in the following fiscal year even if oil prices plummet in the coming months. If revenue projections hold, the budget would put around $1.6 billion in the Constitutional Budget Reserve.
The budget will also pay off oil tax credits inherited by the Dunleavy administration, a bill left over from a now-defunct subsidy programs for oil and gas drilling an exploration. The $400 million in vetoes were met with acceptance from some of the governor’s frequent detractors -- a far cry from the outrage that has resulted from vetoes inAlaska House Speaker Louise Stutes, R-Kodiak, who leads a majority coalition comprised mostly of Democrats, said she was “pleased” that the governor agreed with the work of the coalition, but that she was “disappointed that there were vetoes to projects and grants that really matter to Alaskans.
Still, some were dismayed. Independent candidates for governor and lieutenant governor Bill Walker and Heidi Drygas blasted Dunleavy for what they called “a series of unnecessary and harmful cuts.”
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gov. Dunleavy signs budget, keeping forward funding for education and a $3,200 PFD - Alaska Public MediaThe budget is fairly close to what was passed by the Legislature in May, though Gov. Dunleavy did veto about $780 million in spending before signing it.
Read more »
Alaska Supreme Court ruling keeps Sweeney off House ballot - Alaska Public MediaOn Saturday the Alaska Supreme Court upheld a lower court’s ruling that will keep Tara Sweeney off the special election ballot. Three voters had sued, saying elections officials misinterpreted the law when they said Sweeney could not take the fourth spot.
Read more »
Alaska SeaLife Center takes in 2 abandoned harbor seal pups - Alaska Public MediaThe Wildlife Response Team at the SeaLife Center got a call in early June about two harbor seal pups in Kasilof that were emaciated and still had their umbilical cords attached. They've been eating and growing well since.
Read more »
Former Juneau mayor and Alaska broadcaster Dennis Egan dies at 75 - Alaska Public MediaFormer Juneau mayor and state senator Dennis Egan died Tuesday morning in Oregon. He was 75. Egan served as mayor of Juneau from 1995 to 2000. He was the son of Alaska’s first governor, Bill Egan. He was appointed to the Alaska Legislature in 2009 and served until 2018. “Dennis always listened to his community, was a straight […]
Read more »
Alaska News Nightly: Tuesday, June 28, 2022 - Alaska Public MediaVictims rights advocates are concerned after a man accused in a stabbing was found incompetent to stand trial. Also, community leaders respond after Anchorage opens a public campground to homeless residents. And restaurant owners struggle to hire workers during a busy summer season.
Read more »
Alaska News Nightly: Monday, June 27, 2022 - Alaska Public MediaSpecial election candidates share their views on abortion. Also, Anchorage opens a public campground to homeless residents as the state's largest shelter prepares to close. And the University of Alaska Southeast will offer free Alaska Native language classes to students this fall.
Read more »