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Legislative Finance director paints sobering budget picture lawmakers and Gov. Bill Walker have referred to it, before looking at additional revenue sources.The state Revenue Department last fall projected unrestricted general fund revenues of $2.2 billion for the upcoming fiscal year. To limit...
Gov: Unsustainable for tax breaks to exceed oil tax revenue

...proposed change will be rooted in solid analysis. We're in the analysis phase right now."According to the state Revenue Department, oil and gas production taxes yielded $2.6 billion for the state in 2014. Those taxes are estimated to total...
Inlet rebound comes at cost to state during price plunge

...toDepartment of Revenue data, which actually exceeds state petroleum tax income by $101.4 million, according to the Revenue Department figures Mayer and Tsafos presented to legislators.The state's total cash outlay for the tax credits are estimated...
Senate majority eyes October target for gas line session

...taxes and ways to mitigate the financial effects to communities affected by the project.Dona Keppers, a deputy Revenue Department commissioner, said the question of what, if any, legislation is required and what changes to oil and gas property...
Revenue officials explain tax credit issue flagged by Walker

JUNEAU - State Revenue department officials told lawmakers Monday that the tax credits that were a source of contention in an opinion piece by Gov. Bill Walker...
Walker: Alaska will weather fiscal storm

...state revenues Walker said he has instructed the Revenue Department, "to be as accurate as possible, and conservative...following the governor's remarks, Davis said the Revenue Department has projected an average oil price of $76 per barrel...
North Slope crude prices down since July

...bring in about $3.08 billion. Under MAPA, revenues would be $3.22 billion, according to an analysis by the Revenue Department.Rodell said oil production on the Slope is also picking up after it had dropped off during the annual summer maintenance...
Alaska faces $3.5 billion deficit amid lower oil prices

...dip into savings to get by. Gov. Bill Walker, who took office Dec. 1, has warned of lean times ahead.The Revenue Department said oil prices were the biggest factor in the revenue drop from the prior forecast. It also cited increases in...
Buccaneer bankruptcy leaves millions in unpaid bills

...production royalty payments. Once paid it would almost immediately be transferred to the treasury, and subsequently the Revenue Department.Overall, Buccaneer owes about $33 million to its 30 largest creditors.One of the businesses it owes is Mayflower...
Cook Inlet oil production up 25 percent

...barrels per day after five years of decline from 20,300 barrels per day in fiscal year 2005, according to the Revenue Department data.Alaska Natural Resources Commissioner Joe Balash credited the growth to increased investment by Inlet oil...


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