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Alaska Editorial: UA system will need strong leadership, support from the state

...104.98 on Jan. 2 to $58.42 on Wednesday, the latest date listed on the Alaska Department of Revenue website. Oil revenue accounts for about 88 percent of the state's general fund revenue, so it should come as no surprise that Gov. Bill...
Walker: Alaska will weather fiscal storm

...been dealt a tough hand of cards with oil prices that have plummeted in recent weeks, closing below $60 this month. Oil revenue, which funds about 90 percent of the state budget, is expected to be cut in half this year.Walker was upbeat about...
ConocoPhillips: Oil prices won't impact investments

...don't slow oil production to combat low prices. Rather, they scale back or shift spending on projects depending on oil revenue. Lowman said that with the passage of MAPA, "the current oil tax framework in Alaska is no longer having a negative...
State faces $3.5B deficit amid lower oil prices

...performance of state investments makes Alaska's overall financial health sound," she said.Alaska relies heavily on oil revenue to fund the operations of state government. It has ridden this wave before and recovered. One major difference this...
'Placeholder' state budget includes $17M in UA cuts

...Revenue's forecast released this week estimated a $3.5 billion state budget shortfall in the coming year due to dwindling oil revenue."(Parnell's budget is) a starting point, and I'd say the most notable thing for me is simply that we don't...
For Walker, Parnell's budget a placeholder

...budgeted in general fund unrestricted revenue, 85 percent of that, or $3.94 billion, was expected to come from oil revenue. The state was already expecting to draw $1.34 billion from its reserves to supplement general fund spending and...
Walker administration reviewing royalty relief proposal

...the Alaska Dispatch News reported.The decision highlights a delicate balancing act for a state heavily dependent on oil revenues that desires new production but also is trying to maximize the value of its fields. Add to that low oil prices and...
Shelf life for access road

...ferry fleet is increasing, as are the associated maintenance costs and wages of their capable crews. With decreased oil revenues, subsidies for our southeast ferries will decrease in the future. One repeated argument I heard at the access meeting...
State budget director to retire

...was often the focus of Walker's campaign. He criticized Parnell's budget, which he said relies too heavily on oil revenue. He has said that "we need to put everything on the table" for cuts."I'm a fiscal conservative," Walker said...
Alaska Editorial: Southeast lawmakers have chance to create working relationships with new governor

...four years.State revenue - from which capital budgets are built - is declining. That revenue is largely a result of oil revenue. Oil prices ran above $100 per barrel for some time; they are well below that today, meaning oil royalties paid...


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