Legislature(2009 - 2010)
2009-08-05 House JournalFull Journal pdf
2009-08-05 House Journal Page 1211 HB 81 The following letter dated May 21, 2009, was received: "Dear Speaker Chenault: On this date I signed with line-item vetoes the following bill passed by the first regular session of the Twenty-Sixth Alaska State Legislature and am transmitting the engrossed and enrolled copies to the Lieutenant Governor's Office for permanent filing: 2009-08-05 House Journal Page 1212 CONFERENCE CS FOR HOUSE BILL NO. 81(brf sup maj pfld H) "An Act making appropriations for the operating and loan program expenses of state government, for certain programs, and to capitalize funds; making supplemental appropriations; making reappropriations; making appropriations under art. IX, sec. 17(c), Constitution of the State of Alaska; and providing for an effective date." Chapter No. 12, SLA 2009 [Effective Date: See Chapter] The budget goals for this administration have been very clear: to slow the growth of government, live within our means, and save for the future. The operating budget presented for legislative consideration this past session was designed to meet these goals. I appreciate the careful consideration and support from the Legislature of this request. HB 81, as passed by the Legislature this year, contained appropriations for FY2010 totaling $8.2 billion, of which $2.8 billion is general fund. The budget includes special appropriations for tax credits, revenue sharing, and direct deposits to the retirement system costs, and includes funding for public education, the university, public health and safety, transportation, resource development, and funding for state government programs, services, and grants. The FY2010 operating and capital budgets I submitted to you were responsible, fiscally conservative budgets, particularly given the current revenue forecast and economic conditions. I appreciate that the Legislature shares the administration's concern about the size and growth of the budget and that you made few changes to our request. Through line-item vetoes, I have reduced the appropriations in HB 81 by $36.1 million, including deleting fiscal notes for two pieces of legislation that did not pass this session and reducing the amount of the transfer from the oil and gas tax credit fund to the general fund in order to leave sufficient balance in the fund to pay the FY2009 production tax credits. The enclosed spreadsheet contains a summary of the vetoed appropriations including the page and line number, fund source, and the reason for the veto. 2009-08-05 House Journal Page 1213 Direct payment of the production tax credits to explorers and new producers is an important component of the ACES production tax. Timely payments are essential for a stable tax structure. The balance of the oil and gas tax credit fund is approximately $520 million and the Department of Revenue estimates there will be $105 million in outstanding reimbursements due in FY2009, which leaves $415 million available for transfer to the general fund at the end of the fiscal year. I have reduced the transfer from $450 million to $415 million to make sure there are sufficient funds to make timely payments. The reductions we have achieved in the FY2009 and FY2010 operating budgets will be continued in our efforts to slow the growth of government in the FY2011 budget. I appreciate your support in crafting responsible budgets for the state of Alaska. Sincerely, /s/ Sarah Palin Governor" A spreadsheet from the Office of the Governor, Office of Management and Budget, pertaining to budget vetoes accompanied the letter and is on file in the Chief Clerk's office.