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Alaska's Senior Senator visits Kenai Peninsula

...cuts are scary out there right now driven because we are a state where close to 90 percent of our budget comes from oil revenues. We have what people around the country need. We have oil, natural gas, trees, coals, minerals. Everybody can...
Report: Low taxes lulled as budget swelled

...compensation.Wohlforth told the RDC that a critical need is to somehow restart citizen engagement with state government. Oil revenues gushed into the treasury in 1980 and the state's income tax was repealed shortly after, but even in those years there...
What others say: Setting aside donations for nonprofits, children good use of dividend

...safeguarding a portion of Alaska's oil wealth for the benefit of future generations. Under the amendment, 25 percent of oil revenue was set aside in a protected account that could only be used for income-generating investments. The purpose of the...
Senator Peter Micciche holds town hall meeting in Soldotna

...Micciche said that the state's present budget problems are not unprecedented, offering a comparison to the fall in oil revenue that occurred in the early 80's. "We've been in worse financial conditions in the state before," Micciche said...
Lean budget times remind public of the value of tax dollars

...state revenue stream almost exclusively dependent on oil revenue. Despite the volatility of the price of oil, Alaskans...Instead, Alaska has chosen to keep all its eggs in the oil revenue basket and live with the instability that comes with...
Local schools need our support a little bit of money? I love living in Alaska and enjoying great schools and other services which are funded by oil revenue. At this time of low oil prices I think we need to stand up and be willing to pay more to maintain those great schools...
Alaska House advances operating budget with broad cuts

...what each chamber passes, those likely will be ironed out in a conference committee. The state, highly dependent on oil revenue, is grappling with projected multibillion-dollar deficits because of low oil prices. It plans to use the state's...
Walker: Nothing off the table in Alaska budget talks

...the fall in oil prices, according to a new analysis by the Legislative Finance Division. Alaska relies heavily on oil revenue to fund the cost of government, and the state is expected to use savings to help it get by.The analysis shows that...
Alaska faces lean budget times as oil prices fall

...of a new legislative session, starting Tuesday, the price had dropped by more than half.Alaska heavily relies on oil revenue to fund the cost of state government, but the fall in prices has contributed to an estimated 80 percent decline in...
Officials: Parties moving ahead on Alaska gas project

...see the gas project as the state's best hope for significant additional revenues. Alaska, which relies heavily on oil revenues to fund state government, is facing projected multibillion-dollar budget deficits, exacerbated by the crash in oil...


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