Juneau) -- While public interest in Alaska politics may focus on budgets, tax bills and fiscal gaps, the state Legislature has passed bills that attract less attention, but still improve life for thousands of Alaskans.
One of these is my House Bill 188, “The ABLE Account Act,” which has passed the House and Senate unanimously, and is awaiting the governor’s signature to become law.
(JUNEAU) – When I consider Alaska’s budget situation, I remember my dad explaining what he called the First Rule of Holes: “When you find yourself in a hole, the first thing to do is stop digging.”
In the face of a budget shortfall now estimated at $4.1 billion, due to low oil prices, the Alaska Legislature has followed my dad’s rule. We’ve stopped digging a deeper fiscal hole, and reduced state spending as the essential first step in fixing our deficit.