Senate Majority Bipartisan Coalition Website

State Senator District E

Senate Majority Leader

 

Senator Cathy Giessel Newsletter

UPDATES



Issues affecting

your family, community and jobs.

 

 

April 23, 2026

 

 

Dear friends and neighbors,

 

Photo: Paxson Woebler is a young Alaskan entrepreneur who stopped by my office recently. Paxson is holding a cool backcountry ice skate that he designed.

 

Alaska Constitution Day!

April 24

April 24, 1956, ratification of the constitution drafted by 55 delegates at the University of Alaska in Fairbanks (the only UA campus at the time) between November 1955 and February 1956.

The day encourages schools and civic groups to engage in educational activities regarding the state's founding document.

The constitution officially went into effect when Alaska became a state on January 3, 1959.

 

Fun Constitution Documents:

Alaska Constitution

Citizens Guide to the Alaska Constitution

Files from the Constitutional Convention

 

 

Town Hall meeting last Saturday

Topics: Wildfires. School funding. Permanent Fund. Energy: renewable, gas pipeline, hydro. Dividend. Taxes. Pension retirement. State Revenue. Corporate Taxes.

Attendance: 40 people

Thank you to Ann Rappaport who moderated.

Thank you to David Michael who brought his audio system.

 

 

Gasline Proposal - Senate work

GOALS:

·     North Slope Gas to Alaskan utilities at lowest price possible.

·     Protect Alaska consumers from project cost overruns, tax giveaways.

·     Protect communities from damaging impacts of construction.

·     Constitutional responsibility: maximum benefit of Alaska gas for Alaska's people (Art. 8, sec.1)

·     Constitutional responsibility: never surrender power of taxation (Art. 9, sec.1)

See Newsletter section below for details.

 

 

The Alaska Permanent Fund Compact

Recorded program by CommonWealth North.

Speakers: Larry Persily, Angela Rodell, Rep. Caroline Hall, Rep. Will Stapp, Sen. Rob Myers.

Really excellent discussion of the different views of this entitlement program. I'm certain you will learn something new.

Recording is here and below.

 

Ten years ago no one was allowed to discuss: the dividend, the real numbers of our budget, the future of funding for state services.

 

Any legislator that spoke the word "tax", or used the phrase "reduce dividend" ten years ago was quickly rejected.

Yet we all knew these words were part of an honest discussion.

 

1982 - Legislature established dividend program

Now 440,000 Alaskans, age 44 years old and younger (or resided here 44 years or less), have lived the entire time with free state services.

Sixty percent - 60% - of Alaskans have never paid for state services they receive.

State services today are paid for by the Permanent Fund and Oil.

That equals about $5,500.00 of income tax for every wage earner in Alaska.

 

 

Items in this Newsletter:

·     Natural Gas Pipeline Proposal 2026

·     Finance Committee Meetings

·     Podcast: Inside the Pipeline Push: A Conversation with Sen. Cathy Giessel

·     Issues on November Ballot

·     Resources Committee Meetings

·     AFD interagency Wildfire open house

·     Oil and Gas Pipeline Topics with Current Topics, Stuff I Found Interesting, Arctic Issues, Economy, Education, Politics, Healthcare

·     Resource Values, Permanent Fund Data

·     Alaska History

 

 

 

 

Natural Gas Pipeline Proposal 2026

 

The Senate Resources Committee is meeting every day to examine the details.

Would you buy something without knowing the price?

We don't do that either.

 

As much as we want to have the natural gas on the North Slope brought to Alaska homes, we are not willing to pledge our fiscal future on it.

We need to know the price before we buy into a generational cost, obligating our great grandchildren.

 

Our Goals:

·     North Slope Gas to Alaskan utilities at lowest price possible.

·     Protect Alaska consumers from project cost overruns.

·     Protect communities from damaging impacts of construction.

·     Constitutional responsibility: maximum benefit of Alaska gas for Alaska's people (Art. 8, sec.1)

·     Constitutional responsiblity: never surrender power of taxation (Art. 9, sec.1)

 

Here's what we know:

Project cost quotes: $47 Billion to $57 Billion

Full Life: to 2062

 

Glenfarne (developer) wants property tax relief.

How much will that cost communities/state?

 

Current Property Tax Income

·     Every year

·     $249 Million to State

·     $497 Million to local

Total: $736 Million at full production

 

Governor proposes this tax reduction

ZERO TAX during construction years until export for 10 years or reaches 1 billion cubic feet/day

·     Then every year at full production 

·     $9 Million State

·     $65 Million Local

Total: $74 Million at full production

1% annual inflation increase allowed

 

Senate Resources version of SB 280 Property Tax

·     Every year at full production

·     $249 Million to State

·     $360 Million to Local Communities

Total: $610 Million

 

Features in Senate Resources version of SB 280:

·     No cost overruns allowed to shift to cost of gas to consumers

·     Limits price of gas to Alaska utilities at $12/mcf before export happens, $5/mcf after (Governor-stated cost of gas)

·     Increase transparency of ownership, contracts

·     Require maximum use of Alaska businesses, workforce

·     Impact payments to local communities during construction for roads, public safety ($1 million/pipeline-mile from Glenfarne into impact fund)

·     Corporate income tax on S-Corp/LLC (Glenfarne, several oil companies)

·     Inflation adjust property tax by CPI

·     Taxes shared after full construction between local governments on pipeline corridor, state, and all communities around the state

·     Pursue Spur Line to Fairbanks.

·     Lengthen investment timeline & notification

·     Repeal of all property tax changes if the project does not happen

·     Complete list of SB 280 changes here and here

 

Senate committee revises governor’s property tax bill for Alaska LNG project, proposing significantly more state revenue Anchorage Daily News

Alaska LNG export project requires further massive public subsidy Alaska Beacon

Dunleavy: Lawmaker changes to LNG property tax bill puts gas line ‘at risk’ Alaska News Source

Energy secretary says Alaska LNG is his No. 1 infrastructure priority Alaska Public Media

Trump invokes emergency powers to bolster U.S. natural gas, LNG capacity Alaska News Source

The Alaska Department of Revenue estimated Dunleavy’s proposal would equate to a roughly 90% reduction in property tax revenue, once the pipeline is at full capacity. Dan Stickel, an economist with the Department of Revenue, told the House Resources Committee on March 25 that AGDC and Glenfarne have said the project will not move forward without property tax relief. 

 

 

Podcast: Inside the Pipeline Push: A Conversation with Sen. Cathy Giessel

April 17, 2026 - 45 mins

Hosts: Andrew Halcro and Ethan Berkowitz

We Welcome Alaska State Senator Cathy Giessel to the podcast to talk about the current push for an Alaska natural gas pipeline. 

 

 

 

 

 

Issues on November Ballot

 

The April 16, 2026, joint meeting of Alaska’s House and Senate State Affairs Committees was primarily an informational hearing focused on election-related ballot initiatives that voters will see in 2026. 

 

U.S. Citizens Voter Act (25USCV), A proposal related to voter eligibility requirements.

 

Presenter: Former Senator John Coghill: U.S. Citizens Voter Act                   

John is one of the co-sponsors of the Alaskans for Citizen Building Initiative.

 

Summary: He would like to have “only citizens may vote”. By not having this language in our constitution, we could open this door for lawsuits. So really, this is just clarifying language. This initiative takes what most Alaskans already believe - that voting is reserved for U.S. citizens and writes it into a statute with simple, unrecycled language. It clarifies that to vote in Alaska you must be a U.S. citizen of age and a registered resident of Alaska.

 

Campaign finance limits (23RCF2), Would restore limits on campaign contributions for state and local races.

 

Presenter: Bruce Botelho: Former District Attorney/Mayor of Juneau

Bruce is one of the prime sponsors on this initiative.

 

Summary: The majority of Alaska, since statehood has had campaign limits. This limit has been to protect the integrity of the democratic process by trying to prevent corruption or its appearance and curbing any undue influence of large donors.

 

This ballot measure has 3 primary features:

 

·     First, it limits campaign amounts, largely set through adjustment for inflation.

 

·     It provides a per-campaign rather than a per-year basis for contributions.

 

·     It calls for a decennial adjustment of the limits to account for inflation and that those adjustments are to be done by Alaska Public Office Commission (APOC).

 

 

Repeal of open primaries & ranked-choice voting (24ESEG), Would undo Alaska’s current election system (open primary + ranked-choice general election).

 

Bethany Marcum, Chief Executive Officer at Alaska Policy Forum - testified to oppose

Bethany gave a presentation, using an image of a trash can with what appeared to be ballots being thrown away. She explained that the image was meant to represent ballots that are not counted under Ranked Choice Voting. Senator Wielechowski questioned this point, and she responded that any ballot not counted is essentially discarded, meaning the voter’s voice is not heard. She also argued that voter participation has declined since the adoption of Ranked Choice Voting because voters are confused about how to cast their ballots.

 

Scott Kendall, Attorney Cashion, Gilmore & Lindemuth and Prime Author of the 2020 ballot measure that launched Ranked Choice Voting - testified to support

 

Scott offered strong rebuttals to Bethany’s slides. He presented factual information explaining how the Open Primary and Ranked Choice Voting works and how ballots are counted. He also challenged the claim that voter turnout has declined, providing evidence to counter her argument.

 

Joint State Affairs Hearing

April 16, 2026 - 3:30pm

Overview(s): Election Related Ballot Initiatives

Recorded Meeting

 

 

Senate Finance Committee Meetings

 

April 16th - 9:00am - Recorded Meeting.

·     Overview: University of Alaska FY27 Budget, Documents.

·     HB 78 - Retirement Systems; Defined Benefit OPT, Documents.

April 21st - 9:00am - Recorded Meeting, Presentation

·     HB 23 - State commission for civil rights.

April 21st - 1:30pm - Recorded Meeting,

·     HB 280 - Apportion Taxable Income

April 22nd - 9:00am - Recorded Meeting

·     HB 10 - Add Faculty member Univ Board of Regents

·     HB 39 - Education for Deaf & Hard of Hearing, Documents

April 22nd - 1:30pm - Recorded Meeting

·     HB 263 - Approp: Operating Budget; Funds; Supp, Documents

·     HB 265 - Approp: Mental Health Budget - CS One.

 

 

Senate Resources meetings



April 16 - 9:00am - Recorded meeting, Pegasus-Global Presentation, GaffneyCline Presentation.

·     SB 280 - Oil & Gas Property Tax; Muni Tax

·     SB 275 - Natural Gas Projects/Income tax/Surcharge

April 17 - 3:30pm - Recorded meeting, Documents

·     SB 280 - Oil & Gas Property Tax; Muni Tax

·     SB 208 - Agricultural Land Leases

·     SB 192 - Evacuation Designation Levels

·     SB 174 - Invasive Species Management

April 20 - 9:00am - Recorded meeting, Documents

·     HB 117 - Commercial Fishing; Set Gillnet Coop

·     SB 255 - Muni Grant Land; Matsu Borough Transfer

April 20 - 3:30pm - Recorded meeting, Documents, Presentation

·     SB 280 - Oil & Gas Property Tax; Muni Tax

·     SB 275 - Natural Gas Projects/Income tax/Surcharge

April 21 - 9:00am - Recorded meeting, Documents, Presentation

·     SB 280 - Oil & Gas Property Tax; Muni Tax

·     HB 117 - Commercial Fishing; Set Gillnet Coop

April 22 - 3:30pm - Recorded meeting

·     SB 280 - Oil & Gas Property Tax; Muni Tax

 

SB 280 work continues Petroleum News

This is a summary of April 13-14 meeting in Senate Resources.

 

 

 

 

Oil and Gas Pipeline Topics

SB 280 work continues Petroleum News

This is a summary of April 13-14 meeting in Senate Resources.

 

AOGCC Class VI primacy hearing scheduled Petroleum News

The Alaska Oil and Gas Conservation Commission has scheduled a hearing May 14 on its intention to apply for Class VI primary enforcement authority from the U.S. Environmental Protection Agency.

 

Alaska House rejects Senate bid to impose corporate tax on privately owned oil companies Alaska Beacon

 

A war-driven spike in fuel prices could produce a ‘survival scenario’ in Alaska villages Alaska Beacon

 

China, the United States, and Japan hold most strategic oil inventories in 2025 EIA

In the 1970s, the United States and other OECD countries established strategic oil stocks aimed at mitigating the impact of supply disruptions. In March 2026, the United States, along with other members of the International Energy Agency, agreed to a coordinated emergency release of strategic oil stocks following the effective closure of the Strait of Hormuz. Estimate as of December 2025, the three largest strategic oil inventories were held by China, which added large volumes to its strategic oil inventories in 2025; the United States; and Japan. Other significant strategic inventories are held by countries in OECD Europe, the Middle East, and Asia.

 

Alaska LNG export project requires further massive public subsidy Alaska Beacon

The Alaska Department of Revenue estimated Dunleavy’s proposal would equate to a roughly 90% reduction in property tax revenue, once the pipeline is at full capacity. Dan Stickel, an economist with the Department of Revenue, told the House Resources Committee on March 25 that AGDC and Glenfarne have said the project will not move forward without property tax relief. 

 

1 big thing: Get used to higher gas prices this year Axios

Even if the Iran conflict ended now and the Strait of Hormuz fully opened, don't look for a quick return to pre-war gas prices. Costlier fill-ups are the most direct and visible economic effect of the war for many Americans, and could sway midterm election races.

 

Despite decreasing national fuel prices, Murkowski warns rural Alaska may still pay higher fuel costs from initial price hikes Alaska Public Media

“If you can’t produce power because you don’t have the diesel or you just can’t pay the prices, your little communities can collapse,” Sen. Lisa Murkowski, R-Alaska, said at a Friday press conference at the Arctic Encounter Summit in Anchorage.

Murkowski added the reason for concern over unaffordable fuel prices is because the price and supply of fuel for the 82% of Alaska’s communities off the road system will be locked into what things looked like during the war in Iran.

 

Energy secretary says Alaska LNG is his No.1 infrastructure priority AK Pub Media

But, he said, it’s “tricky” to finance construction of the 800-mile pipeline

 

 

Current Topics

Alaska Senate committee advances draft capital budget, boosting funds for school maintenance Alaska Beacon

The draft budget adds $88 million to Gov. Mike Dunleavy’s proposed capital budget of $159 million, with the largest additions going toward K-12 schools and university facilities maintenance. 

 

Rising gas prices squeeze Alaska drivers and their budgets Alaska Public Media

Like the rest of the country, Alaskans have been paying a lot more for gas in recent weeks due to ongoing conflict in the Middle East. It was noticeable to Bryant Fiorenzi last Sunday in Fairbanks as he filled up a 2010 Mercury Mariner. “I can't remember a time in my driving life where I was paying $4.50 a gallon,” he said. “It's really good on gas compared to most cars, but that doesn't really help much when the gas is $4.50 a gallon.”

(My comment: I had to laugh, looking at Bryant’s photo. He must be 12 years old, though he couldn’t drive at that age. His driving life hasn’t been very long! So his comment about the price made me laugh. He has a lot more years to see gasoline prices go up and down.)

 

$248 million draft of Senate capital budget would shore up schools and state facilities Alaska Public Media

The Senate’s draft would require roughly $248 million in unrestricted funds, much of which would go towards shoring up schools and state facilities around the state. That’s $88 million more than the governor proposed in December. Republican Sen. Kelly Merrick, attempted to add $25 million for the Port of Alaska in Anchorage during a Finance Committee meeting Tuesday. A majority of the committee, though — Stedman and co-chairs Lyman Hoffman of Bethel and Donny Olson of Golovin, plus Senate Minority Leader Mike Cronk of Tok — voted down the amendment, saying it would require reducing the amount that could be put toward school maintenance.

 

Opinion: I voted no on the corporate income tax bill. Here’s why that matters for Alaska Anchorage Daily News

 

Amid discord on age-of-consent bill, Alaska Senate panel unveils sweeping crime package Anchorage Daily News

An Alaska Senate committee has introduced a sweeping crime package that, among other provisions, would raise the age of consent from 16 to 18 for sexual contact.

 

Alaska’s embattled economic development agency approves $700,000 PR budget Alaska Beacon

The state agency leading some of Alaska’s most polarizing development projects has approved a new communications budget, saying it needs to do a better job telling its own story amid attacks from critics.

(My comment: People email me all the time, outraged that AIDEA continues to act without restraint. People want AIDEA to go away. I would counter with the opinion that AIDEA simply needs better leadership. Yes, some restraints should also be done.)

 

Stuff I found Interesting

Owlets Hatch At The Wildflower Center Great Horned Owl Nest Cornell Lab Bird Cams

The Great Horned Owl Cam just got a whole lot cuter this week thanks to two new arrivals. Athena, the female owl, stood watch over the nest as her first egg hatched a down-covered owlet on April 8 after 34 days of incubation. The second owlet arrived two days later, on April 10. 

 

1 food thing: Burgers reach luxury levels Axios

The all-American burger is becoming a luxury item, with many consumers opting for cheaper proteins like chicken and pork. U.S. beef supplies are shrinking, imports are rising, and there's little relief in sight.

 

 

Arctic

I Went to Greenland and Saw a Warning for Canada The Walrus

Before he pulled his hunting rifle out of storage and brought it to his bedroom to keep it close at night, Jan Køhler had been preparing, mentally and emotionally, in case the American military descended on the Greenlandic capital. He didn’t know which way they’d come. But if they did, he assumed the battle would be quick.

The fifty-one-year-old Danish-born father of three had never been a soldier and had never really thought about shooting someone either. A week earlier, he’d helped organize the biggest protest in Greenland’s history, a peaceful march down the streets of Nuuk and toward the United States consulate. He’d chanted with 5,000 others as they surrounded the structure, a red clapboard house perched—like most things in Nuuk—on the side of a rocky hill overlooking the fjord. He’d cheered as his fellow protesters carried Greenland’s flag on a staff and speared it into a nearby snowbank.

 

Trump appoints Alaska governor to a seat on U.S. Arctic Research Commission AK Pub Media

 

 

Education

Anchorage School District lays off more than 50 teachers Ak Pub Media

The Anchorage School District announced Friday that it will lay off 56 teachers. That’s about two percent of the nearly 3000 teachers employed by the district. 

 

Alaska Senate advances resolution asking federal policymakers to protect visa programs Alaska Beacon

The Alaska Senate advanced a resolution Monday to preserve three work visas to support Alaska’s economic security. Alaska relies on J-1 visas to fill teacher positions, H-1B visas for highly skilled workers and the H-2B program for temporary nonagricultural workers in tourism, health care and seafood processing industries and for teachers.

 

Alaska Senate advances bill to ban certain food dyes in school meals Alaska Beacon

The Alaska Senate passed a bill Monday that would ban public schools in Alaska from serving certain food dyes in school breakfasts or lunches. Lawmakers expressed concerns that certain petroleum-based food dyes in processed foods have unhealthy side effects on children.

 

UAA is producing more early childhood educators after reaccreditation, helping fill gap Anchorage Daily News

More University of Alaska Anchorage students are studying to become early childhood educators, and the School of Education at UAA is graduating more educators than it had in recent years.

 

Anchorage School District begins layoffs after tax levy failure Anchorage Daily News

 

Anchorage School District lays off more than 50 teachers Alaska Public Media

The Anchorage School District began the process of laying off dozens of employees, and notified hundreds of others that they will be moved to different positions or schools next year.

 

 

Energy

Why Fairbanks residents pay some of the highest electric rates in Alaska Alaska Beacon

In 2025, Fairbanks residents paid about 11.5 cents per kWh more than residents in places like Akiak, Akutan, Anaktuvuk Pass, Atmautluak, and Atqasuk. Those are just the communities starting with the letter “A” in the annual PCE report published by the Alaska Energy Authority, that have managed to hit that PCE floor of about 20 cents per kWh.

(My comment: You may wonder why I focus on Fairbanks energy costs. Gwen Holdmann evaluates energy issues for the entire state. What she describes here is relevant to Anchorage as well. She is describing the failings of the transmission system and its management. The entire “railbelt” is affected.)

 

 

Mining

Nova discovers large Estelle gold target North of 60 Mining News

Nova Minerals Ltd. April 14 reported that surface sampling returned grades of up to 14.3 grams per metric ton gold at Portage Pass, a large gold target discovered about 1.5 miles (2.5 kilometers) south of the multimillion-ounce Korbel deposit on the company's Estelle project in Alaska.

 

 

Alaska Resource Values

 

Alaska North Slope crude oil price (04/17/2026): $101.54

FY26 budget (beginning 7/1/25) is fully funded at

$64/barrel of oil.

History of prices:

3/23/2026: $101.05 (Iran War)

12/17/25: $60.06

9/20/24: $63.63

9/30/23: $87.99

9/30/22: $86.91

6/29/22: $116.84

3/08/22: $125.44

12/22/21: $75.55

March 2020: $12.29 (COVID)

7/3/2008: $144.00

ANS production (4/20/26): 466,421 bpd

 

Precious Metal Prices

April 22, 2026

Gold - $4,740.84

Silver - $78.24

Platinum - $2,084.70

Copper - $6.13

Palladium - $1,569.97

Rhodium - $10,150

 

Alaska Permanent Fund

website

How is the Fund invested? Alaska Senate Finance Committee, presenters: Callan, Investment Advisors. Callan said that APF is "one of the best run portfolios among our clients".

February 25, 2026 Link to meetingMeeting Notes.



 

Fund value April 22, 2026 - $89,747,600,000

 

PFD payout from ERA, Fiscal years 1982-2025: about $31.3 billion

Over $100 billion total earnings over lifetime of the Permanent Fund

 

 

Alaska History

·     1824, April 17 - Treaty of St. Petersburg signed by U.S. and Russia

·     1867, April 19 - U.S. Senate approved Alaska Purchase

·     1917, April 23 - First winner of Nenana Ice Classic

·     April 27 - Alaska Day

·     2000, April 27 - 13 Billionth barrel of North Slope oil reached Valdez

·     1974, April 29 - Construction began on the Dalton Highway, Fairbanks to Prudhoe Bay

 

 

Feedback is always welcome.

Have a great week!

 

Cathy 

 

Personal Contact:

907.465.4843

sen.cathy.giessel@akleg.gov

 

Past Newsletters on my website



My Staff:

·     Chief of Staff: Jane Conway (from Soldotna)

·     Resources Committee Staff: Paige Brown (from Anchorage/Girdwood)

·     Office Manager: Samantha Freeborn (from Anchorage)

·     Staff: Deneen Tuck (from Anchorage)



Copyright © 2026. All Rights Reserved.

 

 

 

Senator Cathy Giessel's Newsletter | 12701 Ridgewood Rd | Anchorage, AK 99516 US