August Alaska Economic Trends

August Trends’ profile of tourism’s impact on Southeast Alaska is the first of its kind. As there’s no official “tourism industry,” we looked at a variety of industries and occupations to estimate tourism employment and wages. We also describe how tourism was born in Southeast, the gateway to the rest of Alaska – steamships ushered it in but its true growth began and continues with the rise of large cruise ships.

Also this month is an analysis of the demographics of newcomers to Alaska and how these new residents change the state’s makeup. Finally, the August issue gives a brief summary of four of Alaska’s largest rental markets, based on the latest results of our annual rental survey.

AlaskaEconomicTrends_Aug2015

LAW E-Alert: America’s College Promise Bills Introduced in the House and Senate

ACCT Latest Action in Washington

July 8, 2015 – Today, Senator Tammy Baldwin (D-WI) and Congressman Bobby Scott (D-VA) announced they will introduce legislation in the House and Senate on the Administration’s America’s College Promise proposal. The bills, which have been endorsed by ACCT, are largely similar to the President’s initial proposal at a cost of $80 billion over 10 years. ACCT has created a fact sheet on the America’s College Promise Act of 2015, which may be viewed here: http://bit.ly/1CpCOSj.

ACCT encourages community college leaders to support these bills, and contact their Members of Congress requesting support: http://bit.ly/1JPw9U8.

Additionally, ACCT has sent the following letters of support to both Senator Baldwin and Ranking Member Scott: http://bit.ly/1Hhj3Ib.

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The U.S. Department of Education will soon release a Notice of Proposed Rulemaking (NPRM) for a new income-driven repayment plan, Revised Pay As You Earn (REPAYE). The proposed rules also expand the circumstances under which an institution may challenge or appeal a draft or official cohort default rate calculation based on the institution’s participation rate index (PRI), make it easier for FFEL loan holders to identify borrowers’ active duty military status, clarify guaranty agencies’ responsibilities related to loan rehabilitation and active duty servicemembers’ interest rates, and extend the definition of “qualifying payments” for the PSLF program to included Department of Defense lump payments. The NPRM will soon be available via the federal register. Comments are due 30 days after the NPRM is published. ACCT has prepared the following fact sheet based on an embargoed copy of the NPRM: http://bit.ly/1Cp4JBB.

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Please encourage your fellow trustees, presidents and colleagues to stay up to date about legislation that affects their community colleges by joining the Latest Action in Washington (LAW) E-Alert and Capitol Connection E-Newsletter network. To join, simply e-mail publicpolicy@acct.org with LAW Alert in the subject of the e-mail. For more community college news from inside the beltway, follow us on Twitter (twitter.com/CCTrustees) or like us Facebook (facebook.com/CCTrustees).

Contact us with any questions or concerns about public policy and ACCT’s advocacy on behalf of two-year colleges and two-year college trustees. ACCT’s Latest Action in Washington alerts are sent to interested ACCT members to keep you up to date on important legislative activities that impact community colleges. If you no longer wish to receive ACCT’s Latest Action in Washington alerts or Capitol Connection, reply to this email with UNSUBSCRIBE in the subject line.

For more information about ACCT’s advocacy services, visit acct.org/advocacy

July Alaska Economic Trends

July Trends is Department of Labor & Workforce Development’s annual cost-of-living issue, which compares costs across Alaska along with other U.S. cities. They also look at the rise in costs over time, as determined by Anchorage’s inflation rate. The overall rise in prices was relatively small in 2014, and transportation costs went down slightly.AlaskaEconomicTrends_July2015