Alaska lawmakers vote to cut oil, gas drilling subsidies
July 16, 2017
JUNEAU, Alaska (AP) — Alaska legislators have voted to cut oil and gas drilling subsidies from the budget.
The Juneau Empire reports (http://bit.ly/2tfVGEx ) the compromised proposal was approved late Saturday in an 18-0 vote in the Senate and a 33-6 vote in the House. Officials say the move will save the state nearly $200 million per year within three years.
Gov. Bill Walker said in a statement that the approval is a "meaningful step to shore up our financial situation."
The state has a deficit of over $2 billion per year while its Constitutional Budget Reserve will have only $2 billion left...
For access to this article please
sign in or
subscribe.
Reader Comments(0)