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Legislative Finance director paints sobering budget picture

...have to cut $1 billion from programs like Medicaid, education, debt service, retirement system payments and oil and gas tax credits - plus eliminate agencies and non-formula programs, Teal's division wrote in a report earlier this year...

http://peninsulaclarion.com/news/2015-03-26/legislative-finance-director-paints-
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Alaska House advances operating budget with broad cuts

...Medicaid expansion that had been stripped by the House Finance Committee, an attempt to limit the money available for oil and gas tax credits in the coming year and a bid to add back early childhood education funding. The House began debating the bill...

http://peninsulaclarion.com/news/2015-03-13/alaska-house-advances-operating-budg
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Hoffbeck talks gas line during confirmation hearing

...needs to look at such things as broad-based taxes, making changes to fee structures and perhaps revisiting oil and gas taxes.The committee forwarded his nomination to a joint session of the Legislature for consideration.

http://peninsulaclarion.com/news/2015-02-24/hoffbeck-talks-gas-line-during-confi
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Officials: Parties moving ahead on Alaska gas project

...Sen. Bill Wielechowski, D-Anchorage, asked if the state should expect the companies to ask for cuts in oil and gas taxes. The state overhauled its oil tax system in 2013, a move supported by the industry.Van Tuyl said the changes made...

http://peninsulaclarion.com/news/2015-02-18/officials-parties-moving-ahead-on-al
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Consultants suggest possibly revisiting Cook Inlet credits

...lawmakers to examine their approach to creating incentives for oil and gas development from Cook Inlet.The issue of oil and gas tax credits received renewed attention earlier this month, when Gov. Bill Walker wrote an opinion piece that said Alaska...

http://peninsulaclarion.com/news/2015-01-29/consultants-suggest-possibly-revisit
News
Buccaneer sells assets; wants $20M from state

...compel the state to pay tax credits it claims it is owed under the Alaska's Clear and Equitable Share (ACES) oil and gas tax system Oct. 30 in U.S. Bankruptcy Court for the Southern District of Texas.Buccaneer's domestic subsidiary, Buccaneer...

http://peninsulaclarion.com/news/2014-11-04/buccaneer-sells-assets-wants-20m-fro
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Senators propose 12-cent gas tax increase

...18.4 cents-a-gallon federal gas tax and 24.4 cents-a-gallon diesel...plan. That would move debate on a gas tax increase or some other revenue-raising...elections in November.Revenue from gas taxes and other transportation user fees...

http://peninsulaclarion.com/news/2014-06-19/senators-propose-12-cent-gas-tax-inc
News
Navarre asks citizens to keep an open mind

...seeing deficit spending, which dipped into the reserves, he said. By building the reserve fund along with the oil and gas tax base increase, the borough has built a surplus, which allows the opportunity to reduce taxes, he said."We don't...

http://peninsulaclarion.com/news/2014-10-23/navarre-asks-citizens-to-keep-an-ope
News
LNG Pipeline bill passes through Senate committee

...that would be brought back to the Legislature for approval, as early as next year. The Senate Finance version sets a gas-tax rate at 13 percent of the gross value at the point of production beginning in 2022. The tax rate, together with royalty...

http://peninsulaclarion.com/news/2014-03-15-10
News
State LNG take could be $3 billion

...important loose ends that have to be nailed down as the deal moves through future stages.If the state can increase its gas tax and its gas volume at the whim of the Legislature it would have practical effects on the project, because pipeline capacity...

http://peninsulaclarion.com/news/2014-02-15/state-lng-take-could-be-3-billion
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