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Legislative Finance director paints sobering budget picture

...reserve account, the pool from which annual dividends for most Alaskans are derived. Lawmakers also could revisit the oil tax issue, something Democratic Rep. Les Gara and Sen. Bill Wielechowski brought up in interviews after Teal's presentation...
Voices of Alaska: Don't blame oil tax reform for budget deficit

Blaming oil tax reform for Alaska's current budget deficit...low oil production and overspending, not oil tax reform.A group of Native leaders, unions...future led a three-year campaign to reform oil taxes to stop the decline of oil production...
Legislature gavels in

...production credits than it takes in in oil taxes this year, Walker said he is not planning to reopen the oil tax debate.He said the credit issue...Bert Stedman, R-Sitka, said the oil tax system is out of balance, but he's...
Industry wary amid shakeups

...on state finances as oil prices continue to drop."However, the governor is not seeking any change to the credits or oil tax structure," at least for now, Hoffbeck said.On the oil price situation and revenue slide, Minge said he is optimistic...
Officials: Parties moving ahead on Alaska gas project

...for cuts in oil and gas taxes. The state overhauled its oil tax system in 2013, a move supported by the industry.Van...increased production.""We have no plans to request oil tax reductions," said Darren Meznarich, with ConocoPhillips...
Murkowski pushes back on federal government in speech

...on oil revenues to fund state government, and the trans-Alaska pipeline is its economic lifeline. Alaska changed its oil tax structure in 2013, in hopes it would lead to more production. The state currently faces projected multibillion-dollar...
Consultants suggest possibly revisiting Cook Inlet credits

...said that some small producer credits are slated to expire on Jan. 1. The report said that is because in passing an oil tax overhaul in 2013, the legislature decided not to extend those credits.But that will not affect Cook Inlet, where the...
Revenue officials explain tax credit issue flagged by Walker in production taxes this year and about $400 million more next year. He referenced the 2013 rewrite of Alaska's oil tax law, saying the overhaul occurred with little consideration given to low prices. Giving away more in tax breaks than...
Alaska faces lean budget times as oil prices fall

...billion at the end of November.Wielechowski said lawmakers should find other sources of funds, such as setting a minimum oil tax to better protect the state at low oil prices.Walker has said Alaska this year stands to pay out about $100 million...
Voices of Alaska: The hard truth about our oil revenue

...combination of tax breaks and credits, and a tax structure that magnifies the state's losses at low oil prices. The last oil tax rewrite occurred during a period of sustained high oil prices, and there was little consideration given to the low-price...


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