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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: koan who wrote (117872)	6/29/2016 10:10:58 PM
From: Snowshoe	Read Replies (1) of 219269

Hello Koan, As former Gov. Jay Hammond would say, this year's Alaska legislative session collapsed "like a gut-shot rhino in a cloud of dust." So I'm quite thrilled that the hammer dropped on those do-nothing bozos today. Yippee! ... ‘Day of reckoning’: Gov. Walker vetoes millions in spending, caps Permanent Fund dividend at $1,000 adn.com Saying that the Alaska Legislature failed to do enough to solve the state's deep financial woes, Gov. Bill Walker used his veto pen Wednesday to slash next year's state spending, including likely cuts in Permanent Fund dividends, a delay in paying tax breaks for the oil industry and cuts in education programs and road projects. At a news conference in Anchorage called to announce and explain the vetoes, Walker said the state is facing a $4 billion hole in budget revenues due to low oil prices and dwindling oil production. He said the state can no longer afford high annual dividends from the $52 billion Alaska Permanent Fund, like the $2,072 payout in 2015 to every adult and child resident.

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