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State must diversify economy or be bound to fossil fuel prices

...Hammond ditched in 1980 after the oil ship had come in), state revenues were far lower than modern levels, as were state services and population. The billions of dollars in oil wealth that came to the state after crude began flowing down the pipeline...
High risk to state to go it alone on pipeline

...It also didn't look at the cost of things like roads needed for work on the gas line project or the demands on state services by project workers and their families.Questions also were raised about potential cost overruns and how much would...
Borough to expand employee numbers as cost saving measure

...Between two-thirds and three-quarters of the 911 calls handled at the center are for Alaska State Troopers and other state services.In an August memo sent to Borough President Linda Murphy, Kenai Peninsula Borough Mayor Mike Navarre said that...
What others say: Oil work creates some disruption

...revenues won't necessarily be alleviated by hiring in the oil patches. Also, if you're a beneficiary of other state services that get cut because of falling revenue, again, the aggregate improvement in the economy won't necessarily help...
Let's give SB 21 a chance to work

...we cannot tax them to the point where they invest their capital elsewhere. Yes, we need the tax revenue to fund state services, but at the risk of expanding those services to the point where they are not sustainable. Yes, we want the oil...
Alaskans need to speak out: PPT issue affects all residents; representative seeking input

...the issues before us in the special session in Juneau, we pretty well know that most of the revenue that pays for state services comes from the oil owned by all Alaskans in common. We also know that the oil companies don't own the land or the...
Senator wants windfall tax revenue to repay Constitutional Budget Reserve

...imperative that the Legislature use every opportunity to rebuild its 'Rainy Day Account' to help us maintain essential state services and infrastructure in the coming years," he said. The Department of Revenue would determine annually whether certain...
Humanities forum conference opens study of state's needs

...increased nearly five-fold. Economists, however, forecast slow job growth and stagnating incomes in the next decade. State services are more in demand than ever, ISER found, but the state continues to rely on dwindling oil revenues to pay for them...
State budget woes present opportunity to find viable solution

...this from the Office of Management and Budget: "In today's dollars, per capita state general fund spending for state services is $921 less than in FY 79 when the oil era began. Combined operating and capital general fund spending is $1...
State expected to use more from savings account than previously thought

...waves of the oil markets. Voters created the Constitutional Budget Reserve in 1990 as a shock absorber to protect state services. Money from settling back oil tax cases was put into the fund, which also has been bolstered by interest. Since...


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