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Budget plan threatens Alaska's future

...dividend to do that. That's the new GOP plan. There's a law on the books capping state oil tax credit payments in low oil revenue years. They're supposed to be capped at $91 million next year. Instead, GOP leadership wants to give out $700...
Results in Juneau leave reader dissatisfied

Are you satisfied with the budget our lawmakers have concocted in response to the precipitous drop in oil revenue? Do you think that it was wise to add a $47 million line item for a bridge that will benefit real estate speculators and contractors...
Nearly half of states expect to confront big budget gaps

...fiscal year, according to the report. Alaska saw the biggest drop, of $1.7 billion. Alaska relies heavily on oil revenue and projects a $3.2 billion budget shortfall for the coming fiscal year. A special legislative session has been...
Community health care provider faces financial challenges

...said state reimbursement for mental health care is expected to continue falling as the state grapples with the drop in oil revenue and a multi-billion dollar deficit. Adams said PCHS was never meant to handle the level of uncompensated care that...
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...
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...
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...
Voices of Alaska: The hard truth about our oil revenue

Imagine your family's biggest source of income plummeting by 80 percent in one year. At today's oil prices, that's Alaska's situation.


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