JUNEAU, Alaska (AP) – Alaska legislators have voted to cut oil and gas drilling subsidies from the budget.
The compromise proposal was approved
late Saturday in an 18-0 vote in the Senate and a 33-6 vote in the House, the Juneau Empire reported. The move will save the state nearly $200 million per year within three years, officials have said.
Gov. Bill Walker said in a statement that the approval is a “meaningful step to shore up our financial situation.’’ But he acknowledged that “the work is not yet finished.’’
The state has a deficit of over $2 billion per year while its Constitutional Budg...
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