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Administration pitches new plan to fund government

...the dividend is calculated, and we're going from one that is based on stock market returns to one that is based on oil royalty returns," Richards said.He said Alaskans could expect dividends to be about $1,000 per year under that scenario...
State Government
Cook Inlet oil production up 25 percent

...acquired from others."Increased capital investment in the Cook Inlet fields has yielded higher employment and increased oil royalty revenue," Balash said in a statementThe increase in activity has also led to new natural gas reserve additions, providing...
Tesoro to purchase royalty oil from state delivery of actual oil and gas, or in value, or payments in cash.Traditionally the state has taken much of its oil royalty in kind, about half, to ensure that in-state refiners have a supply of crude oil."Some portion is always taken...
House passes 5 measures aimed at improving Alaska's financial stability

...of permanent fund earnings), House Bill 20 (use of permanent fund earnings), House Bill 3 (percent payout of oil royalties) and House Bill 225 (alcohol tax). Whether you agree or disagree with any or all of these bills, they are an attempt...
Oil flow slowing

...The drop in production has become a major point of discussion within state government, because Alaska depends on oil royalties and taxes for about 90 percent of its revenue. So far high oil prices have masked the financial effects of declining...
Alaskans need to speak out: PPT issue affects all residents; representative seeking input

...take may, at first, seem unreasonably high. But Alaska's royalty is not a tax. Rather, it's exactly like the oil royalty paid to a private land-owner in Texas. A royalty is not a tax any more than the royalty that an author receives from...
Voters rejecting changes in oversight of state boards

...members of the Permanent Fund board when they took office, installing their own choices to oversee the state's massive oil-royalty savings account. Halford contends such sudden upheavals are bad policy for the management of one of the state's...
School fixes take time to pay dividends

...age from 16 to 18. Plans are in motion to pay for Parnell's proposed merit scholarship program using funds from an oil royalty account. A push for pre-kindergarten programs also appears to be gaining momentum. These all are ideas worth serious...
Taking up a challenge public office. Whether we agree with Young's vision, he makes a strong point. We have grown complacent with oil royalties flowing down the pipeline and into state coffers. We have relied on one industry to fuel our economy for 35 years...
Time, circumstances never been better for Arctic oil exploration

...development can co-exist with their lifestyle by watching their neighbors in Prudhoe Bay for the past 20 years. Oil royalties supply 80 percent of the state's budget for education, health care and improved living standards for Native villages...


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