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AK: House’s majority coalition unveils budget fix, including income tax and Permanent Fund spending
Juneau Empire: The coalition leading the Alaska House of Representatives has unveiled the core of its plan to erase Alaska’s $2.7 billion annual deficit.
On Friday, members of the House Finance Committee introduced House Bill 115, which includes a state income tax and a proposal to spend some of the earnings of the Alaska Permanent Fund.
“We need a stable Alaska, we need a thriving economy, and the only way that’s going to happen is by filling our budget hole,” said Rep. Paul Seaton, R-Homer and one of the bill’s backers. Seaton is co-chairman of the House Finance Committee.
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