US EditionReporting From Alaska- Uninformed House members show no inkling that AIDEA holds $600 million in cash
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Reporting From Alaska- Uninformed House members show no inkling that AIDEA holds $600 million in cash
As the state House debated the proposed operating budget, it rejected an amendment to subtract $12.5 million from the enormous cash reserves of the Alaska Industrial Development & Export Authority.Rep. Donna Mears introduced the amendment, saying, “Given our current budget discussions, maximizing AIDEA’s contributions to the general fund is warranted.”She is right about this, though the House voted 14-26 to reject it.The Senate has already opted…
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