1995-09-27                     House Journal                      Page 2320
HB 122                                                                       
The following letter dated June 30, 1995, was received:                        
                                                                               
"Dear Speaker Phillips:                                                        
                                                                               
Under the authority of art. II, sec. 15 of the Alaska Constitution, I have     
vetoed the following bill:                                                     
                                                                               
SENATE CS FOR CS FOR HOUSE BILL NO. 122(FIN) am S                             
"An Act imposing a reporting requirement on certain sales,                    
transfers, and consumption or uses of motor fuel, increasing the               
motor fuel tax on motor fuel used in and on watercraft, and                    
authorizing payment of a portion of that tax as refunds to                     
municipalities; and providing for an effective date."                          
                                                                               
Most importantly, I do not believe that we can approach any new taxes          
without a comprehensive overall financial plan.  In my State of the            
Budget address last January, I said there will be no new taxes until our