On Monday, as the price of West Texas crude oil dipped below $39 per barrel for the first time in six years, state revenue commissioner Randall Hoffbeck told the Alaska House Finance Committee that the decline is exacerbating the state's budget problems.
Early this month, Jim Johnsen, the presumptive next president of the University of Alaska system, traveled to Juneau. It's a tough time to be stepping into the system's top job.
JUNEAU, Alaska - After years of being flush with oil money, Alaska now faces drastic budget cuts and having to dip into well-stocked savings to offset unprecedented deficits exacerbated by an unexpected plunge in oil prices.
How little can the state afford to spend? Gov. Bill Walker halted immediate spending on six of the state's notable pending mega-projects Dec. 27, part of an effort to scrutinize all expenditures and minimize the fiscal year 2016 budget deficit.
KPC students are back in classes today and enrollment across the KPC system remains stable. At this year's spring convocation, held on Jan.
Over the years I've read many of the reports written for the Institute of Social and Economic Research (ISER). In May, ISER published the report funded by Northrim Bank and written by Dr.
Last fiscal year, Central Peninsula Hospital saw a 17 percent uptick in uncompensated care - totaling $19 million - more than doubling the amount of annual care written off as bad debt since the beginning of the Great Recession; and a jump of $6.5 million since 2011.
Scott Goldsmith, the University of Alaska's venerated senior economist, has stepped into the political snake pit of the oil tax repeal debate.
Only three legs support the Alaska economy: oil, the federal government and everything else. That's why oil tax reform is an Alaska problem, not an oil company problem. Oil companies can invest anywhere in the world, and they do.
Peninsula Clarion ©2013. All Rights Reserved.