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Empire Editorial: Walker's tax credit cut a fair move

...Pipeline System.Slashing payouts to the oil industry is the necessary move if Alaska is ever to balance its budget amid low oil prices. No entity, whether private business or governmental, should be getting a free ride, let alone taking more from...
Walker uses veto ax on oil tax credits

...incentives that don't drain its resources, he said.The state is running deficits, a situation exacerbated by low oil prices, and is using money from savings to balance the budget.In a letter to legislative leaders Monday, in which he announced...
Alaska film tax credit coming to an end

...didn't see oil prices rebounding before then. Alaska relies heavily on oil revenue to fund government operations, and low oil prices have exacerbated Alaska's budget deficit.Walker's office said the state commerce department still would provide...
Gov. Walker pitches TransCanada buyout

...financing a larger state share of the project in view of Alaska's diminished finances, which are currently stressed by low oil prices and a sharp drop in state revenues.The Heads of Agreement signed by the project participants with former Gov. Sean...
Where things stand in the state

...Here's a look at where things stand: HOW DID WE GET HERE?The state faces multibillion-dollar deficits amid low oil prices and needs to use savings to help balance the budget. Alaska has billions of dollars in reserves, including in the...
Senate Finance rolls out proposal meant to spur talks

...cost-of-living increases in negotiated union contracts at a time when the state faces multibillion-dollar deficits amid low oil prices and state positions are being cut.The House plan also was incomplete, still needing language to be added to authorize...
My Turn: Why I'm restoring Alaska Hire requirements a result of sharply declining public sector employment and some layoffs in the oil and gas sector. Relatively low oil prices mean depressed capital budgets, and depressed oil company investments may remain with us for some time. In these economic...
Negotiators agree on per-pupil school funding

...while others question whether pay increases should be given when the state faces multibillion-dollar deficits amid low oil prices and state jobs are being cut.Rep. Les Gara, D-Anchorage, said in a phone interview that he's hopeful a resolution...
My Turn: Building a sustainable future through conversations with Alaskans a balanced budget. Nor should we gamble on a rise in oil prices. Global experts predict an extended period of low oil prices. Even if prices were to recover to $100 per barrel, it would not generate enough revenue to cover current levels...
Impasse remains as few lawmakers return

...expanded Medicaid.Republicans have balked at adding to the budget, given the huge deficits the state faces amid low oil prices, and have resisted minority proposals, such as revisiting oil tax credits, to help offset Democratic proposals...


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