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New bill promises Alaska a share of Arctic oil revenue

Sen. Lisa Murkowski, R-Alaska, is trying once again to get Alaska a share of oil and gas revenue from federal waters off its coast. Last week, she introduced the Alaska Outer Continental Shelf Lease Sale Act to the Senate.
My Turn: Time to complete Governor Hammond's vision

...earnings reserve has never been used regularly for the third purpose, but as oil prices - and thus, the state's oil revenue - reset long-term to new, lower levels, the time has come for Alaska fully to implement Gov. Hammond's vision...
Walker asks for more action in limbo session be reduced in order to close a projected $3.9 billion budget gap this fiscal year and next caused by dwindling oil revenue. If the Legislature were to cut the budget by 10 percent every year for the next 10 years, he said, it would still...
State | AK legislature
Three things to watch

...cast it as a first step in a multi-year process to downsize state government. The state, which relies heavily on oil revenue, is facing projected multibillion-dollar deficits amid low oil prices. While it's seen as virtually impossible...
State | AK legislature
Minority lawmakers push back on education budget proposal

...facing projected multibillion-dollar deficits this year and next amid the fall in oil prices. Alaska relies heavily on oil revenue to fund state government. The state is expected to use savings to help get by.Reps. Sam Kito III of Juneau and Dan...
State | AK legislature
Alaska Editorial: Setting aside donations for nonprofits and children is good use of dividend

...safeguarding a portion of Alaska's oil wealth for the benefit of future generations. Under the amendment, 25 percent of oil revenue was set aside in a protected account that could only be used for income-generating investments. The purpose of the...
As the Alaska Legislature makes cuts, ripples will splash across the state

...sharing funding this year may prevent an addition next year, too.As North Slope oil production declines, the state's oil revenue will continue to decline, and no one knows what Alaska will look like on the day the money finally runs out.
State | AK legislature
Slumping oil prices means widened budget gap

...With Alaska's budget wedded to oil revenue, the trend will impact the state's...billion, was expected to come from oil revenue.Alaska was already's supposed to, the state's oil revenue will be up regardless of price...
My Turn: The hard truth about our oil revenue

Imagine your family's biggest source of income plummeting by 80 percent in one year. At today's oil prices, that's Alaska's situation.
Not the time for new office building for legislators

With $2 billion less in oil revenue this year - and continuing deficits are far as one can see (the new GOP oil law is won't allow surpluses in the near or long...


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