House majority rejects Gov's fiscal compromise
In a bid to avoid a state-spanning government shutdown, Gov. Bill Walker on Monday proposed a compromise to bring the Alaska Senate and Alaska House together.
Walker’s compromise was promptly rejected by the coalition majority that runs the House.
That leaves the state on course for a July 3 shutdown that would paralyze state services and commercial salmon fisheries at the peak of the season.
In an evening press conference, Speaker of the House Bryce Edgmon, D-Dillingham, said the governor is on the wrong track with a proposal that would slash the state deficit from about $2.7 billion per year to about $300 million per year. He said the House Majority is continuing to champion a strategy that eliminates the entire deficit within three years.
Unless the deficit is entirely eliminated, Edgmon said, Alaskans will continue to worry about how it will be balanced and what will need to be cut to make the budget balance.
Find the rest of the story at JuneauEmpire.com.