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What others say: Lawmakers must use Permanent Fund earnings to solve budget impasse in the autumn dividend checks given to every Alaskan.For many Alaskans, the impact of the year-old fall in oil prices has not yet hit home. We can think of no better way to bring attention to the issue than a smaller dividend.It's...
Gov. Bill Walker veto means layoff notices could loom

...Legislative leaders have balked at adding to the budget given the multibillion-dollar deficits the state is facing amid low oil prices. Minority ideas to offset the costs of items they want in the budget, such as capping the payout of oil tax credits...
What others say: Population decline not portent of disaster, but state needs to pay attention

...workforce cuts. The impact of the Alaska oil industry's gradual decline has been compounded by the precipitous drop in oil prices in late 2014 and early 2015, leading to a massive budget deficit for the state and cuts to public sector jobs and spending...
House Finance stalls Walker's Medicaid expansion proposal

...access a reserve account to cover budget costs at a time when the state is facing multibillion-dollar deficits amid low oil prices. Democrats have opposed proposed cuts to education funding, among other things, and Tuck previously said Medicaid...
What's at stake: The debate over Arctic drilling

...Alaska receives upward of 90 percent of its revenue from the oil industry, and a drop in capacity or a dip in crude oil prices can mean multi-billion dollar state government deficits. Alaska is experiencing both.Though Shell is drilling in...
Report: Alaska population down after 26 years of growth

...steady for so long.Unlike the oil-driven drop in population in the 80s, Hunsinger said the current 40 percent drop in oil prices compared to a year ago isn't a factor."This data all came to us before the decrease in the price of oil," Hunsinger...
Nearly half of states expect to confront big budget gaps

...expanding populations and rising costs for health care and education. Other states have been hurt by a steep decline in oil prices or seen their efforts to promote growth through tax cuts fail to work as anticipated. The result is a nation divided...
By the numbers: Alaska budget debate, attempts to fix it

...union workers, among other things. The state is facing a multibillion-dollar deficit this year and next amid low oil prices.Lawmakers are taking a break from floor sessions until May 12, though finance committees have been meeting. Here's...
What others say: When is it time to talk revenue?

...gasline is perhaps the best replacement for dwindling oil prices, and it's the sort of big idea we need right now...balloon to unsustainable levels thanks to years of high oil prices and the naivete they would never again fall.It's...
Legislature adjourns; governor calls special session

...the state is facing amid a crash in oil prices. But state government would be funds were approved when oil prices were much higher and the state was...legislation.The dramatic fall in oil prices since a year ago has exacerbated...


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