After a month of debate, the Alaska House of Representatives has approved legislation that cuts the annual state subsidy for the oil and gas industry. The new bill is an ambitious compromise proposal that incorporates Democratic and Republican measures alike. Rep. Seaton said,“Everybody was a little bit out of their comfort zone, but it was, you know, a compromise.” The bill is the second-largest part of a plan to solve Alaska’s $4 billion annual deficit, and its passage removes a key stumbling block for further budget negotiations.
See Full Story at alaskajournal.com
