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Adjournment and the end of cash credits
Dear Friends and Neighbors,        
                   
Late Saturday night, the legislature found compromise and passed HB111, ending cash payments to oil companies. This effort will save the state $150-200 million annually for the next 10 years. These cash payments incentivized exploration and production efforts, but paying the companies cash just didn't make sense as we try to balance the budget and fill this $2.5'ish billion deficit. Instead, the companies can now recover their costs once fields go into production.
 
HB111 also authorized the creation of a legislative working group to analyze Alaska's oil tax system and suggest improvements, and prohibited losses at fields not producing oil and gas from being used against taxes at fields that are in production.

Ending cashable credits was a good step towards stabilizing Alaska’s fiscal condition, but there is still plenty more that needs to be done. Without a comprehensive fiscal plan, Alaskans will continue to feel the economic uncertainty gripping our state.
 
I and the rest of the House Majority Coalition are committed to finding solutions that spread the burden of building our state's future evenly, while creating jobs, keeping our communities healthy and safe, and helping our children get a great education.
 
The legislature adjourned, but it is likely we will return to pass a capital budget, which will bring over a billion dollars in federal money for projects around the state. I look forward to finishing this legislative session once and for all and seeing you back in the neighborhood sometime soon.
 
Proudly representing House District 15,
 
It was great to catch up with neighbors Gail and Clifton Gay!
Big money for the Park!
The U.S. Dept. of the Interior and the National Park Service have awarded Anchorage a $750,000 grant to be used towards the development of the Muldoon Town Square Park. This money will help advance progress of our neighborhood asset. Thanks to those who have put in time, energy and money to make the dream of this park a reality!
Upcoming Events Around the Neighborhood
Gabbing with Gabby
I'll be at Flo’s Pancake House (335 Muldoon Road) next Saturday, July 29th, from 
10-11 a.m. and want to catch up. Please come by if you have a moment. 
Coffee is on me!
Visioning Session for the Muldoon  Park's Community Food Forest. Thursday, July 27, from 7-8 p.m. at the MCA Youth Development Center (1005 Ermine St). For more information, see the Facebook event page. 
Constituent Meeting with Sen. Wielechowski, Rep. Spohnholz and Rep. LeDoux
Tuesday, August 22, from 6-7:30 p.m. at the Lidia Selkregg Chalet (1600 Lidia Selkregg Lane) in the Russian Jack Springs Park. Pizza and refreshments will be served!
Spirit of Muldoon Annual Picnic
September 16, 2017

Join your friends, neighbors, and the great crew from the Northeast Community Council for the annual Muldoon picnic on September 16th! The picnic will be held at the new Muldoon Town Square Park, off Debarr Road, from 1:00 — 4:00 p.m. Come enjoy the new park along with plenty of good food and fun!
Ways to Contact Me: 
Email: Rep.Gabrielle.LeDoux@akleg.gov
Web: www.GabrielleLeDoux.com

Anchorage Office
(Interim) 
1500 W Benson Blvd.
Anchorage, AK 99503
Phone: 907-269-0216
Juneau Office 
(Session)
Alaska State Capitol 216
Juneau, Alaska 99801
Phone: 907-465-4998
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Representative Gabrielle LeDoux · 716 West 4th Avenue Suite # 611 · Anchorage, AK 99501 · USA

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