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Voices of Alaska: Don't blame oil tax reform for budget deficit

...oil tax reform for Alaska's current budget deficit is just plain wrong.Our budget deficit today is a result of low oil prices, low oil production and overspending, not oil tax reform.A group of Native leaders, unions, businessmen and thousands...
Gov: Unsustainable for tax breaks to exceed oil tax revenue

...than it receives in production taxes this year amid low oil prices, Gov. Bill Walker said. In an opinion piece structure that magnifies the state's losses at low oil prices. The last oil tax rewrite occurred during a period...
BLM clears way for petroleum reserve development

...investment on the project, known as Greater Mooses Tooth 1, citing permitting delays and requirements and current low oil prices. Spokeswoman Amy Burnett said by email Friday that the company was pleased that BLM had approved a road route selected...
What others say: Word as bond

...budgets at a time when a porous operating budget is going to lose at least $3.5 billion in 2015 thanks to stunningly low oil prices.Still, the modus operandi of the state on the issue of local education contributions has been essentially unchanged...
Alaska faces lean budget times as oil prices fall

...said lawmakers should find other sources of funds, such as setting a minimum oil tax to better protect the state at low oil prices.Walker has said Alaska this year stands to pay out about $100 million more in oil and gas credits than the production...
Revenue officials explain tax credit issue flagged by Walker

...would benefit from this category of credits, and they are paying taxes, Hoffbeck said. But production taxes amid low oil prices are forecast to total about $524 million this year, down from about $2.6 billion last fiscal year, according...
Alaska may not be able to afford generous film subsidies

ANCHORAGE, Alaska (AP) - Low oil prices could prevent Alaska from being able to afford to dole out generous film subsidies, Gov. Bill Walker said. "The film-credit...
What others say: Oil price drop not without benefits

...lining for residents that takes a bit of the sting out of the market downturn.The first and most obvious boon of low oil prices comes for Alaska drivers at the gas pump. The drop in oil prices from more than $100 per barrel to about $60 per...
Lawmaker's bill aims to guard Alaska Permanent Fund benefit

...There are other sources the state can consider, like setting a gross minimum oil tax to better protect the state at low oil prices, Wielechowski said.Currently, the constitution prohibits the principal of the Permanent Fund from being spent...
Voices of Alaska: The hard truth about our oil revenue

...appears to be a combination of tax breaks and credits, and a tax structure that magnifies the state's losses at low oil prices. The last oil tax rewrite occurred during a period of sustained high oil prices, and there was little consideration...


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