Juneau -- The Alaska House of Representatives Monday passed House Concurrent Resolution 22, sponsored by the House Rules Committee. HCR 22 directs the Legislative Budget and Audit Committee (LB&A) to study fiscal and other public policy issues relating to state revenue and to report to the Legislature by January 5, 2001.

"In company with results-based budgeting to judge the value of dollars already spent, identifying and implementing sources of State revenue for the support of an appropriate level of State government is a tool for the Legislature to use in its future budget decisions," said Representative Gail Phillips (R-Homer), LB&A Committee Chair. "Directing LB&A to examine revenue policies will help provide a comprehensive picture of where we are and should lead to the establishment of long-range goals that meet the needs of Alaskans now and well into the future."

LB&A will focus on fiscal and other public policy issues to include:

• investment goals and standards for the State's financial assets and current management policies;
• the return on investment from all of the State's financial assets;
• analysis of potential revenue-generating options and an estimate of specific revenues that would be generated, including the effect of implementing those options; and
• analysis of the results of continued reliance on deficit spending.

HCR 22 passed the House 29-9.

Attachments:

• Sponsor Statement

Broadcasters note: Audio comments are available on the Majority Actuality line, 1-800-478-6540
= Gail Phillips, 94 K

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