Jeremy Price

GUEST COMMENTARY: Spending cuts, not tax hikes, will restore fiscal balance

With two weeks to go before a potential government shutdown, the state legislature appears no closer to writing a budget or narrowing the $3 billion deficit than when the special legislative session began. Both sides are sticking to their stories.

There is agreement on dipping into the Alaska Permanent Fund. But Gov. Bill Walker and the Democratic-led House coalition still insist on raising your taxes. The Republican-led Senate still wants to cut spending and impose a hard cap to restrain future excesses.

The Senate has much the better end of this debate. Here’s why.

GUEST COMMENTARY: Budget crisis highlights need for spending cap

Irresponsible spending by state lawmakers has left us with a multibillion-dollar budget deficit. This latest crisis underscores the need to tighten the state’s “spending cap” on annual expenditures, and a bill recently passed in the Alaska Senate is a good start.

Senate Bill 26 imposes a statutory spending cap of $4.1 billion in general fund appropriations each year, which would grow with inflation. A statutory cap — which can ultimately be set aside during the budget process — would be less effective than a Constitutional limit, but it is a start.

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