Senate Majority Bipartisan Coalition Website

State Senator District E

Senate Majority Leader

 

Senator Cathy Giessel Newsletter

UPDATES



Issues affecting

your family, community and jobs.

August 22, 2024

Dear friends and neighbors,

 

The Alaska State Fair on Saturday was wonderful! My husband and I volunteered for Alaska Mining Day, passing out small backpacks to folks. The Fair is always great fun and lots of opportunity to eat unhealthy food and buy an amazing diversity of stuff!

 

Bills going into law:

 

Governor signs bill putting more guardrails on property assessments. KTOO

Alaska Gov. Mike Dunleavy signed a bipartisan bill into law last week that puts more guardrails on how local governments assess the value of real estate. Assessments are what provide the basis for property taxes.

 

 

Items in this Newsletter:

·     Legacy DB Value

·     Cancer Prevention in Alaska

·     Alaska Fresh Start Campaign Addresses Dementia

·     Average State Taxes for Gasoline and Diesel Fuel

·     Current Hot Topics, Things I Found Interesting, Education, Economy, Minerals, Healthcare, Politics

·     Resource Values, Permanent Fund

STATE RETIREMENT SYSTEM STRONG!

Legacy Defined Benefit Retirement

gaining value and strong

 

Dept of Revenue report

Department of Revenue full press release here.

Detailed data here.

 

This data underscores that an establishment of another Defined Benefit retirement system that is fiscally conservative would be very financially supportable.

Cancer rates pose problem for employers

While there have been major improvements in cancer survival, more younger Americans are being diagnosed each year

U.S.Energy Information Administration

 

Alaska has lowest state gasoline tax in the nation.



Read more here

Current Topics

Company provides new Anchorage option to recycle more types of plastic. Alaska Public Media

Alaskans have a new place to recycle more types of plastics in Anchorage. Alaska Plastic Recovery is opening a drop-off location in Midtown which provides a unique twist on recycling: The company uses the material to make plastic lumber, which can be used in place of wood.

 

Satellite internet has disrupted the market in Alaska - and transformed everyday life for many. ADN

Starlink, a company owned by SpaceX, began sending thousands of low-orbit satellites into space in 2019, shifting the market for internet users and providers globally. Since late 2022, when it launched in Alaska, Starlink has given people another option in a previously untouchable market and with it, changed the lives of Alaskans whose internet was expensive, glitchy and limited — when it was available at all.

 

What the proposed Kroger/Albertsons merger could mean for Alaskans. Alaska Public Media

Albertsons, the owner of Safeway and Carrs, wants to sell to Kroger, the parent company of Fred Meyer. The deal would affect multiple stores in Alaska. The companies say the merger will result in better prices for consumers. Do economists, public advocates and attorneys agree? We ask them on this Talk of Alaska.

 

 

Stuff I Found Interesting

Coast Guard confirms plans to buy polar icebreaker, station it in Juneau. Alaska Beacon

The U.S. Coast Guard will buy a commercial icebreaker and station it in Alaska’s capital city, the service confirmed Wednesday.

 

China deploys three icebreakers to Arctic as U.S. presence suffers after "Healy" fire. G Captain

China continues to push ahead with the rapid expansion of its Arctic-capable fleet. For the first time it has dispatched three icebreaking vessels into the region this summer. 

 

Army stans up Arctic aviation command. Army Times

The Army’s activation of a new aviation command in Alaska marks the return of local air control over two battalions in the Arctic region after a five-year hiatus, as the service works to cement its footprint in the High North.

It comes as the United States military in general works to counter Russian presence and Chinese interest in the region. The 11th Airborne Division, also known as the “Arctic Angels,” stood up its Arctic Aviation Command at Fort Wainwright, Alaska, on Thursday, the Army announced.

(My comment: This is great news! The U.S. must be realizing that national security in the West begins with Alaska!)

 

1 big thing: The arbitration clause goes viral. Axios

Nearly everyone in the U.S. who's ever signed up for a cellphone, streaming service or account on a website, has signed away their right to take a company to court for wrongdoing.

 

 

Economy

America's food aid gap. Axios

Nearly three-quarters of older Americans eligible for a key federal food assistance program are not taking part.

(My Comment: Rep. Mina and I saw passage of the Broad-Based Categorical Eligibility (BBCE) program, which is SNAP only streamlined. The vote "yes" as unanimous in Senate and 38-1 in the House. BBCE was the basis of HB 344, which also had added to it expanded eligibility to all Medicaid-eligible students for services to be access in their school. (Remember, 1/3 of Alaska students are Medicaid-eligible.) The bill has been transmitted to the Governor, awaiting either his signature, or to become law without his signature; he could also veto the bill.

 

Gold's historic milestone. Axios

For the first time in history, a standard 400 troy-ounce gold bar is worth more than $1 million.

 

 

Fisheries

Federal appeals court ruling eliminates - for now - legal threat facing Southeast Alaska fishers. Alaska Beacon

The appellate court decision clears the way for the region’s troll fishery to continue. It had been threatened by a lawsuit from the Washington-based Wild Fish Conservancy, an environmental group.

 

 

Politics

Alaska elections officials plan to debut new ballot-tracking system with Aug. 20 primary. Alaska Beacon

The Alaska Division of Elections is using a new tool this year in an attempt to avoid the kinds of ballot-counting problems that have occurred during previous elections.

 

One size of municipal government doesn't fit all in Alaska. Alaska Beacon

(My comment: This opinion piece puts a light on the complexity of governing a state of this size and great diversity. While Mr. Andreason is speaking about policy makers, Alaskans themselves need to realize that their view of “reality and solutions” is only one view, not necessarily applicable to all Alaskans.)

 

Massachusetts governor signs law phasing out toxic PFAS in firefighters' gear. AP News

“It’s one thing to run into a fire, you can see the blaze and feel the heat,” Healey said moments before signing the bill at the statehouse. But it’s another thing, she said, to face the threat of “forever chemicals” — a silent killer that has been threatening the health of firefighters and other for years.

(My comment: Alaska now has a ramp-down of PFAS chemical use as well. Sen. Jesse Kiehl’s legislation was allowed to become law, without Governor Dunleavy’s signature, a few weeks ago.)

 

Open primary and ranked-choice voting is good for conservatives, Wasilla and Alaska. Must Read Alaska

"I was born and raised in the Mat-Su Valley, am a proud supporter of President Donald Trump, and I believe the open primary and ranked choice voting system benefits Alaska conservatives—especially in Wasilla." Jesse Sumner

 

Progressive candidates show unusual strength in Alaska state legislative primaries. Alaska Beacon

“It tells me that there’s a fresh breeze blowing through the political air in Alaska,” said Republican candidate Chuck Kopp, who led Rep. Craig Johnson, R-Anchorage, by 20 percentage points on election night.

 

Peltola leads in Alaska U.S. House primary, with Begich ahead of Dahlstrom. Alaska Beacon

She was running well ahead of her 36.8% share of the vote in the 2022 primary, which was held the same day as the special election she won to fill the seat left vacant by the death of 49-year Congressman Don Young. 

 

Peltola holds wide lead in early primary results for U.S. House, with Begich second over Dahlstrom. ADN

 

What we're learning from early primary results in Alaska House and Senate races. Alaska Public Media

But first, one thing to keep in mind: Absentee ballots will continue to be counted through Aug. 30, and the results will not become official until certified in early September, according to the Division of Elections — so what we see tonight could change as more ballots are counted. 

 

 

Healthcare

Mapped: Alzheimer's diagnoses vary by region. Axios

The odds of being diagnosed with Alzheimer's disease can vary widely depend on where you live, a new study finds.

 

To lower prescription drug costs, states head to the courthouse. Alaska Beacon

The FTC found that because of consolidation in the industry, the three largest PBMs now manage nearly 80% of all prescriptions filled in the United States. PBMs use that power, the agency concluded, to raise drug prices, control patients’ access to them, and steer people away from independent pharmacies and toward the pharmacies they own. A week after the FTC released its report, Vermont filed a lawsuit against CVS.

 

Survey of Alaska youth reveals more mental health problems, but also some positive trends. Alaska Beacon

Alaska teens are more likely to be depressed and have suicidal thoughts than were teens a decade ago, and some mental health problems have increased notably among girls, according to results from the state’s most recent Youth Risk Behavior Survey.

Alaska Oil Resource Values

 

Alaska North Slope crude oil price (8/21/24): $77.00

FY24 budget (beginning 7/1) is fully funded at a

forecast of $73/barrel of oil.

Price on 9/30/23: $87.99

Price on 9/30/22: $86.91

Price on 6/29/22: $116.84

Price on 3/08/22: $125.44

Price on 12/22/21: $75.55

ANS production (8/20/24): 432,135 bpd

 

 

Texas company seeks LNG import facility in Cook Inlet. KDLL

The company is proposing what’s called a floating storage and regasification unit. Those are moored to a docking facility. It can offload, vaporize and deliver liquefied natural gas from on land or offshore. Excelerate says the floating units are more cost-effective than land-based units and can be rolled out more quickly — in 1-3 years, rather than 4-6.

 

A tough OPEC+ decision. Axios

OPEC+ is facing a tricky landscape as the cartel decides whether — and how aggressively — to plow ahead with plans to start unwinding oil output curbs next quarter. The group's production levels influence global oil prices and by extension gasoline costs.

(My comment: Oil price is not set by the oil companies. It’s set by these Middle East countries, and world political and economic conditions. Alaskans have relied on oil price to pay the bills. This world is changing. Many of us in the Legislature are trying to bring this to the attention of Alaskans who keep asking for big dividend checks that can no longer exist.)

 

 

 

Precious Metal Prices

August 21, 2024

Gold - $2513.82

Silver - $29.65

Platinum - $979.17

Palladium - $988.70

Rhodium - $4725.00

 

Alaska Permanent Fund

website

 

Fund value August 16, 2024 - $80,674,000,000

PFD payout from ERA, Fiscal years 1980-2023: $29.7 Billion

Cost of PFD in Oct. 2022: $2.2 B

Cost of PFD Oct. 6, 2023: $881.5 Million



 

Click here to see list of accomplishments from the 33rd Alaska State Legislature Senate Majority.

 

Click here to view my webpage. It has links to all previous newsletters.

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)

·     Office Manager: Paige Brown (from Anchorage/Girdwood)

·     Resources Committee Staff: Julia O'Connor (from Juneau)

·     Legislative Analyst: Angela Rodell (from Juneau)

 

 

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