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Cook Inlet oil companies heavy consumers of tax credit reimbursements

...said that the state's entire oil revenue apparatus - including production...the state's other mechanisms of oil revenue-gathering, Alper said the production...gave the state 5 percent of it oil revenue in fiscal year 2015 - exclusively...
Walker seeks input to balance budget

...Gov. Byron Mallott.There's no escaping the reality that the state's tough fiscal situation will continue. Oil revenues are sharply down, and multi-billion-dollar budget deficits are projected that will drain state cash reserves by...
Building a sustainable future: Conversations with Alaskans

...legislators wisely set aside during the recent years of high oil revenue. That money can be used to balance the budget in the short...state. Once again, Alaska is at a decision point. With oil revenue alone unable to sustain us, how do we chart a new course...
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...
What others say: Governor's conference will begin much-needed revenue discussion

...all sectors of its residents and industries. Gov. Bill Walker's conference next weekend is an important step in a long-overdue conversation on how Alaska can move forward as oil revenues wane.- Fairbanks Daily News-Miner,May 31
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...
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 Oil revenues gushed into the treasury in 1980 and the state's income tax was repealed shortly after, but even in those years there...
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...
Legislators may get last word on gasline funds

...action.Legislators had to first fund the deficit for the current state fiscal year 2015, which ends June 30. With oil revenues for the year now estimated at about $2.2 billion, the 2015 deficit is now estimated by the Department of Revenue...


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