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Consultants suggest possibly revisiting Cook Inlet credits

...when Gov. Bill Walker wrote an opinion piece that said Alaska is projected to pay about $100 million more in oil and gas production credits this year than it collects in production taxes.State revenue officials have said the $625 million in...
State | AK legislature
Revenue officials explain tax credit issue flagged by Walker

...and gas fields in Alaska.Walker earlier this month said the state stood to pay out about $100 million more in oil and gas production credits than it takes in in production taxes this year and about $400 million more next year. He referenced the...
Empire Editorial: Obama 'declares war' on Alaska

...Arctic Ocean off-limits to drilling. The Department of the Interior also could impose "additional limits on oil and gas production in parts of the National Petroleum Reserve-Alaska," reported the Post's Juliet Elperin.When it came to...
Gas line, marijuana things to watch this week in legislature issue Tuesday. Walker, in an opinion piece earlier this month, said the state is expected to pay more in oil and gas production credits this year and next than it brings in in production taxes. He has not proposed any legislative changes...
State | AK legislature
Legislature begins session; expected to focus on budget

...strongly worded opinion piece this month in which Walker said Alaska is expected to pay out $100 million more in oil and gas production credits than it takes in in oil taxes this year, Walker said he is not planning to reopen the oil tax debate...
Walker: Nothing off the table in budget talks

...billion at the end of the year.Increases in statewide costs, such as pension system payments, debt service, and oil and gas production tax credits, account for a large portion of the increases in the operating budget over the last nine years, the...
Walker: Unsustainable for tax breaks to exceed oil tax revenue

...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 $524 million this fiscal...
State | AK legislature
My Turn: The hard truth about our oil revenue

...that's Alaska's situation. The state's oil and gas production tax is expected to bring the state $524 $625 million to producers through various oil and gas production credits. Subtract that from $524 million in production...
State faces $3.5B deficit amid lower oil prices

JUNEAU - Slumping oil prices have helped push Alaska's potential budget deficit this year to $3.5 billion - an increase of $2.1 billion from what lawmakers expected in April.
My Turn: We can do better

...of Natural Resources, settling the Pt. Thomson litigation and working tirelessly to successfully reinvigorate oil and gas production in Cook Inlet.Fellow Alaskans, experience matters. Our life's experiences define who we are. Barack Obama...


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