Closing the state's multibillion-dollar budget gap isn't going to be easy. Neither is coming up with a solution that everybody can feel good about.
There are two ways to address an unpleasant truth: You can confront it, or you can deny it. The University of Alaska has chosen the latter course.
...Regents are expected to request a $26.7 million increase in the university system budget. The State Office of Management and Budget has suggested the regents should instead expect a $15.8 million decrease from fiscal year 2016.
Gov. Bill Walker has given approval for a fourth Alaska megaproject to move forward after blocking it in December.
There's no good news for Alaska from the oil markets. The state's gap between revenue and expenses continues to deepen as the price of oil remains low, according to a new analysis released Tuesday by Fitch Ratings, a national firm.
If you've ever said that you could do a better job in your sleep than the Alaska Legislature does, a handful of Juneauites have an event for you. You'll just have to stay awake for it.
The University of Alaska expects to need $27 million more next year from the Alaska Legislature to fund operations. The state's Office of Management and Budget says it should expect $15.8 million less.
On Monday, as the price of West Texas crude oil dipped below $39 per barrel for the first time in six years, state revenue commissioner Randall Hoffbeck told the Alaska House Finance Committee that the decline is exacerbating the state's budget problems.
ANCHORAGE - Work is resuming on the Susitna-Watana hydroelectric project under spending guidelines put in place by Gov. Bill Walker's administration.
After months of legislative stops and starts on a compromise, fiscal year 2016 might actually begin with a budget in place.
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