Refine Search

Slumping oil prices means widened budget gap reserves during periods of higher prices so that State government services can be maintained during periods of lower oil prices."It isn't all about price per barrel. The volume of oil produced also plays an important role in the budget...
Parnell wants reduced spending in next budget

...Parnell is expected to release his budget proposal next week.He says revenues are expected to be lower because of lower oil prices and declining production. The Legislature earlier this year passed an oil tax cut aimed at spurring more production...
State | AK legislature
Alaska revenue lower due to oil prices, production

...1 billion in fiscal year 2013 and $1.7 billion in fiscal year 2015.Revenue Commissioner Angela Rodell said lower oil prices are expected to continue having the largest impact on the state's revenue picture. The forecast is based on an...
State | AK legislature
Parnell wants reduced spending

...Parnell said revenues are expected to be lower because of lower oil prices and declining production - not because of the new oil...comparable to that of the old system because of the lower oil prices. If prices continue to drop, he said his message...
Floor of Alaska Senate breaks out into oil tax debate

...rewrite of Alaska's oil production tax, which the Legislature passed last year. The state is better protected at lower oil prices under the new law and the new system would yield more revenues if prices continued to fall than under the former tax...
State | AK legislature
My Turn: Economic research shows Alaska is better off under new oil tax

...and Republicans acknowledged, ACES took too much of the profit at high oil prices and left Alaska too exposed at lower oil prices. Oil tax reform made Alaska more competitive, which has already led to more investment and new production that will...
Alaska Editorial: Pension liability

...the most recent legislative session. He expects oil revenue to be about the same as the old tax system because of lower oil prices. But, if prices increase, then the revenue would, too.Legislators and others opposed to last session's oil-tax...
Oil companies spend big to oppose tax referendum

...1.However, aides of Gov. Sean Parnell have projected a $2 billion drop in revenue this fiscal year because of lower oil prices and declining production.BP has been the top contributor to the Vote No campaign, giving $1.31 million."The...
State | AK legislature
Text of Gov. Parnell's address

...especially true now, where we face less revenue due to lower oil prices.We must do what the president and Congress have been...The people's treasury takes in more revenue at lower oil prices than under the old tax regime.Last year, we also...
State | AK legislature
Budgeting with Alaskan opportunity in view

...the previous tax system, ACES, would have collected in the next fiscal year.Besides gaining better protection at lower oil prices under the MAP Act, Alaskans are seeing new opportunities. Billions of new dollars are flooding into oilfield investment...


  • Switchboard: 907-586-3740
  • Circulation and Delivery: 907-586-3740
  • Newsroom Fax: 907-586-3028
  • Business Fax: 907-586-9097
  • Accounts Receivable: 907-523-2270
  • View the Staff Directory
  • or Send feedback