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NEW YORK--(BUSINESS WIRE)--Jun 14, 2016--Fitch Ratings has assigned a 'AA+' rating to the state of Alaska's $150 million general obligation (GO) bonds, series 2016B. The bonds are scheduled to sell via competitive bid on June 22, 2016.

In addition, Fitch has downgraded the following ratings:

--The state's Long-Term Issuer-Default Rating to 'AA+' from 'AAA';

--Approximately $753.8 million in outstanding GO bonds to 'AA+' from 'AAA';

--$244 million in outstanding lease obligation bonds, subject to annual appropriation to 'AA' from 'AA+'.

Alaskans honor victims of attack on a gay bar in Florida

AP - The Alaska House of Representatives stood for a moment of silence yesterday [Monday] to honor the shooting victims of a deadly attack at a gay nightclub in Orlando, Florida. U.S. and Alaska state flags are at half staff until sunset on Thursday to honor the victims, which include 49 dead and 53 injured in a mass shooting.

AVCP 2015 Annual Report

June 14, 2016

AVCP admits to board of directors longstanding financial woes.

By Adrian Wagner, KYUK – Bethel

In southwest Alaska, the regional nonprofit tribal organization the Association of Village Council Presidents has confirmed near bankruptcy, authorless financial investments, and three pending audits.

  Wednesday, June 8th, Tribal leaders from across the Yukon-Kuskokwim Delta came together for what many thought was a long overdue discussion on the state of AVCP’s finances.

Amount of revenue, and "bundling" of tax proposals raise questions

by the Associated Press

Gov. Bill Walker's newly repackaged tax proposals have landed with a thud in the Alaska Legislature, with criticism over having all the pieces rolled together and questions about the overall impact. Sen. Mia Costello asked Revenue Commissioner Randall Hoffbeck why bother with this, noting that the package would address only a small portion of the estimated multi-billion dollar state deficit.

The first bill to come out of the Legislative special session may be one that streamlines handling of children in state custody. All the testimony yesterday [Wednesday] before the Senate Judiciary Committee supported passage of House Bill 200.

Legislature in special session picks up oil and gas tax credits

Alaska legislators have agreed to pick up where they left off on issues left unresolved when the extended session ended last week. Minority House Democrats tried unsuccessfully for a fresh start on tax credits. Critics said the issue has been well vetted and the committee process should be allowed to play out.

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Alaska women face a 67 percent earnings gap compared to men’s earnings

BP to Sell its Alaska Headquarters Building

BY Elizabeth Jenkins, KTOO - Juneau

BP announced yesterday [Monday] it's selling its midtown Anchorage building. In a statement, the company says the sale will "reduce costs and free up capital, allowing BP to focus on its core business." BP will become a tenant in the building rather than the owner. BP spokesperson Dawn Patience declined an interview request about the sale.

Governor Bill Walker calls special session after Legislators fail to adopt an operating budget

By Joaqlin Estus, KNBA  - Anchorage

Governor Bill Walker called for a special session last night minutes after Legislators adjourned. Legislators hadn’t approved an operating budget for the fiscal year starting July first.

From an Anchorage Police Department On Sunday, May 15, 2016 APD Officer Mitchel Veenstra was dispatched to respond to a vehicle that had rolled and caught on fire on Middlerock Road. It was reported that the sole male occupant of the vehicle had his arm trapped under the vehicle and could not get free. Thanks to the heroic acts of nearby citizens and Officer Veenstra, a life was saved on this day. See the video of the rescue here.

Governor warns Legislators lack of new revenues jeopardizes Alaska's prosperity; Proposal to cut tax credits for oil and gas producers moves in Legislature; Legislators pass criminal justice reform legislation; Elder concerned broadband access threatens cultural heritage

 Governor Walker says prolonged fiscal uncertainty mars Alaskan economic outlook 

By Joaqlin Estus, KNBA - Anchorage

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