Fiscal Plan

Two years ago, I joined a bipartisan coalition in the House to focus on one common goal: pass a comprehensive sustainable fiscal plan. Alaska was facing a $2.5 billion deficit due to declining oil revenue and production. Our Coalition developed a complete 4 pillar plan to strengthen and secure Alaska’s financial future which included a structured use of the permanent fund earnings reserve account (ERA), maintaining the permanent fund dividend at a sustainable level, new revenues, and smart budget cuts including a reform of the oil/gas tax and credit system.

Our Coalition accomplished three of the four pillars over the last two years through determination and compromise.