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Kenai airport reserve lease rates rise after appraisal

...and freight transport, the high lease rate increase contributed to an already difficult business climate caused by low oil prices. He said that although Kenai owns the land that his two buildings sit on, he owns the buildings himself - making...
Governor plans to call for company buy-out in gas project

...option fiscally." Alaska relies heavily on oil revenues to pay for state government and is facing large deficits amid low oil prices. It is using savings to help balance its budget.No decision has been made yet on whether to build the project...
Walker announces intent to expand Medicaid would be "foolish" to pass up federal money that could help the economy of a state facing budget deficits amid low oil prices.Senate Finance Committee co-chair Pete Kelly said regardless of the federal money, the state can't afford the...
What others say: Walker's tax credit cut a fair move

...Pipeline System.Slashing payouts to the oil industry is the necessary move if Alaska is ever to balance its budget amid low oil prices. No entity, whether private business or governmental, should be getting a free ride, let alone taking more from...
Walker reduces amount available for oil tax credits

...incentives that don't drain its resources, he said.The state is running deficits, a situation exacerbated by low oil prices, and is using money from savings to help balance the budget.In a letter to legislative leaders Monday, in which...
Voices of Alaska: Why I'm restoring Alaska Hire requirements a result of sharply declining public sector employment and some layoffs in the oil and gas sector. Relatively low oil prices mean depressed capital budgets, and depressed oil company investments may remain with us for some time. In these...
Alaska Senate, House approve fully funded budget

...that reduces spending while tapping the state's reserves to help with multibillion-dollar deficits brought on by low oil prices.The plan now goes to Gov. Bill Walker, whose administration had been preparing for a partial government shutdown...
Budget negotiators agree on per-pupil school funding

...while others question whether pay increases should be given when the state faces multibillion-dollar deficits amid low oil prices and state jobs are being cut.Rep. Les Gara, D-Anchorage, said in a phone interview that he's hopeful a resolution...
Voices of Alaska: State's financial dialogue must continue

...these reductions, we still have to draw $2.7 billion from savings to make up for state revenue losses caused by low oil prices.Writing a budget to meet our changing circumstances required a team effort. The budget I introduced to the legislature...
Route change, bigger pipeline on table

...R-Anchorage, said in an interview. "The state is already dealing with multi-billion dollar budget deficits due to low oil prices. Even paying for its current 25 percent share of costs of a possible $50 billion-plus project, may be difficult...


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