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Alaska Editorial: Time for Alaskans to engage in budget process

...would have been one thing to see state revenue dwindle over the course of a few years, with a gradual decline in oil production here and a small drop in prices there.But the current crisis, while it didn't crop up overnight, certainly developed...
Empire Editorial: Walker's tax credit cut a fair move

...item veto until a larger conversation can happen.Last year Alaska paid out more in tax credits than it collected in oil production taxes from producers. Until Walker pulled out his veto pen, Alaska was anticipating to spend $400 million more...
Walker uses veto ax on oil tax credits

...Walker's decision on the smaller companies that the state has been trying to attract in an effort to stem the decline in oil production. She said she looks forward to discussions on the credit issue and Alaska's fiscal future.Revenue Commissioner...
Government says US oil production increased in 2009

...CHEYENNE, Wyo. - Increased crude oil production in the Gulf of Mexico and North...first annual increase in U.S. oil production since 1991, according to the...Information Administration. Domestic oil production in 2009 averaged 5.32 million...
Regional News
Alaska Editorial: Reserve transfer would hurt state's future fiscal options

...government is to draw from general fund revenue - money that comes in each year from leases of oil and mineral rights, oil production revenues, license fees and so forth. But when those revenues are insufficient to cover the cost of government...
My Turn: Oil tax myths

...fix today. Unfortunately, this major reduction in oil production has largely been masked until now by higher oil prices...Fund earnings and working to maintain or increase oil production. After all, that's something we can influence...
Road used to haul oil supplies reopens after flooding

...fully shut off since its airport remained open. BP, among the major North Slope operators, was not affected in its oil production, according to spokeswoman Dawn Patience.Gov. Bill Walker twice issued disaster declarations in response to the...
My Turn: Smaller PFD check is a nudge in the right direction costs.As Alaskans were struggling with unexpectedly high energy bills, high oil prices combined with the ACES oil production tax generated record revenues for the state. Six months later, the price had fallen to $40 per barrel before climbing...
My Turn: Alaskans are ready for budget solutions

...of it. The model allowed us to wipe out oil tax credits but did not account for the loss of investment dollars and oil production that would result. Similarly, adding a personal income tax would reduce Alaskans' ability to spend money in the...
My Turn: Sullivan: Alaska, Washington state must work together

...billion in wages in the Puget Sound region. According to a report conducted by the University of Alaska, offshore oil production in Alaska, all told, could produce 35,000 jobs and add billions of dollars to state and national tax bases. Washington...


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