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State Senator District E

Senate Majority Leader

 

Senator Cathy Giessel Newsletter

UPDATES



Issues affecting

your family, community and jobs.

 

 

August 3, 2025

 

 

Dear friends and neighbors,

 

Historic Successful Override of Two Items: Education Funding at $700/student ($50 M), and Audit Transparency for Oil Taxes.

 

The last time a Governor budget appropriation veto was overridden was 1987 (Governor Cooper). This historic accomplishment was because of the partnership of two bipartisan coalitions who listened to Alaskans (House and Senate bipartisan majorities) and the people of Alaska who made their support of education clearly known. See details in the section below.

 

The Special Session has not adjourned sine die (as the end). The next potential convening will be at 10AM on August 19, if there is business to conduct. The 30-day Special Session will end on August 31.

 

The Education Task Force will hold a meeting on August 25 to review and discuss the 3 new bills (SB 1001, 1002, 1003 offered by the Governor. (see details about the bills below)

 

The Governor also introduced another Executive Order to create a Department of Agriculture. This topic is in a Senate bill in the Resources Committee right now. Food security is critical in our Arctic state, where the growing season is short. I am not going to move anything on this topic until our regular session. Alaska farmers, dairy and livestock folks are all busy this summer season producing food. Their input is needed and will be available next January. If the Governor wanted to act right now, he could call up the corporate grocery store chains and require them to sell Alaska Grown in their stores.

 

 

More Good News about Alaska Public School Students



We Graduated from Alaska's Public Schools and We are Proud of That System ADN

 

Thomas Krasnican is an officer on a nuclear submarine, U.S. Navy. He was valedictorian of the Robert Service High School class of 2014, graduated from the U.S. Naval Academy, and is currently pursuing a master’s degree in public policy at the University of Chicago.



Kiera O’Brien was valedictorian of the Ketchikan High School class of 2016 and is a junior studying government at Harvard College, where she served as president of the Republican Club.

 

See what these amazing, productive, quality adults had to say about the education they received in an Alaska public school.

Our public school system is not "failing".

Do we need to continue to see the needs of all students and improve services? Yes! But that doesn't happen by berating and cutting funding.

 

 

Correction: Last week in my newsletter, I talked about Pharmacy Benefit Managers (PBMs) and about a bill that would require them to make their profits transparent, their reimbursements to our pharmacies fair, and their costs to you minimal. The bill is SB 142, not SB 134.

 

Items in this Newsletter:

·     Special Session

·     Catch up with Cathy Events

·     Alaska Trails August Newsletter

·     Current Topics, Stuff I Found Interesting, Arctic Issues, Fisheries, Economy, Education, Politics, Healthcare,

·     Resource Values, Permanent Fund

 

 

 

 

 

 

Education funding override needed 45 votes because it appropriates money (Alaska Constitution Art. 2, sec. 16)

 

 

Policy Legislation about the powers of the Legislative Budget and Audit Committee needed 40 votes (Alaska Constitution, Art. 2, sec. 16)

 

New Education Bills from Governor

SB 1001: Charter Schools, open enrollment, literacy

SB 1002: Tribal Education Compacts

SB 1003: Education Tax Credits

 

 

Special Session Polling by Data for Progress

 

Ahead of Saturday’s special session, Data for Progress surveyed 678 likely voters in Alaska to evaluate voters’ perceptions of upcoming legislative issues.

 

These findings indicate that Alaska voters support increasing funding for public schools, publishing corporate tax audit information, and capping payday loan interest rates at 36%, and oppose Governor Dunleavy’s vetoes of each of these initiatives. 

 

“It’s clear that Governor Dunleavy’s vetoes are out of step with the priorities of Alaskans across the state,” said Jason Katz-Brown, Senior Advisor at Data for Progress and Anchorage resident. “Alaska voters want their lawmakers to show up on Saturday and represent their interests, which include funding education and increasing transparency of oil and gas tax audits.”

 

Key findings related to the special session:

1.  A majority of Alaska voters want the legislature to override vetoes of education funding (59%), oil tax transparency (72%), and caps to payday loan interest rates (72%). 

2.  Republicans support overriding the oil tax transparency veto by a +13-point margin, and respondents who work in oil and gas or a connected industry support the override by a wide +24-point margin.

3.  AK voters oppose legislators skipping the session (74% oppose).

4.  A plurality of voters support amending the constitution so that a two-thirds majority would be enough to override any veto (47% support).

 

You can see the whole poll and questions here.

 

 

 

 

 

Catch Up with Cathy

 

These are informal coffee conversations held on certain Saturdays from 9:00am-10:00am. The next few events are listed below. I hope to see you there!

 

August 9: 9-10am at the Grind in Girdwood

September 13: 9-10am at the Kaladi Brothers Cafe on Industry Way (Huffman)

 

 

 

 

Canyon Rd Trailhead Access Underway

 

Big changes are coming to Canyon Road, improving access to popular Chugach State Park trailheads like Sunnyside (Flattop) and Rabbit Lakes. In 2024, voters approved $4 million to recondition and pave Canyon Road, while Alaska State Parks secured additional funds to upgrade nearby trailhead infrastructure.

 

This coordinated effort will expand parking, improve safety, and protect the environment along this heavily used recreational corridor. A key legal change passed in 2025 (SB 47) now allows municipal funds to be used across state lands—clearing the way for the project to move forward.

 

 

 

Current Topics

 

Chugach warns of a rise in scam calls. Alaska Public Media

Chugach Electric officials say they’ve seen a rise in reports of people trying to scam their customers.

 

Energy

 

One tech thing: a step toward fusion. Axios

Nuclear fusion startup Helion, whose backers include Sam Altman, has started site prep in Washington state for a reactor it hopes to have running by 2028.

(My comment: Washington, Wyoming, Utah-all these states are moving forward with 21st century energy. I’d like to see Alaska catch up)

 

Ore Energy connects world's first grid-connected iron-air battery in Delft. Tech EU

A Netherlands-based energy startup pioneering iron-air long-duration energy storage, today announced that it has successfully connected its flagship iron-air battery system to the electric grid in the city of Delft — the first iron-air system to be grid-connected and fully operational anywhere in the world. 

 

 

Alaska Oil Resource Values

 

Alaska North Slope crude oil price (07/31/25): $75.53

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

forecast of $64/barrel of oil.

History of prices:

9/2024: $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

7/3/2008: $144.00

ANS production (07/31/25): 359,530 bpd

 

 

 

Precious Metal Prices

August 3, 2025

Gold - $3376.45

Silver - $37.26

Platinum - $1330.58

Palladium - $1231.58

Rhodium - $6650.00

 

Alaska Permanent Fund

website

 

Fund value July 31, 2025 - $84,234,500,000

PFD payout from ERA, Fiscal years 1982-2024: $31.3 billion

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

 

 

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)

·     Legislation Aide: Paige Brown (from Anchorage/Girdwood)

·     Resources Committee Staff: Inti Harbison (from Anchorage)

 

Copyright © 2025. All Rights Reserved.

 

 

 

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