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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...

http://juneauempire.com/state/2015-02-26/minority-lawmakers-push-back-education-
State | AK legislature
Foraker advocates shift for nonprofits amid federal funding fall

...McMillian expects the trend to continue. State funding can't fill the gap."We in Alaska have an overdependence on oil revenue," he said. "The state is going to be in a deep hole."According to Foraker's data, nonprofits have already...

http://juneauempire.com/local/2015-02-01/foraker-advocates-shift-nonprofits-amid
Local
My Turn: A resolution to AN-WAR

...With that said, I am a first-hand recipient of the oil revenue that has poured out of Prudhoe Bay. The generous loan...can't turn around and not see the positive impact that oil revenue has on the standard of living in Alaska. Having access...

http://juneauempire.com/opinion/2015-02-09/my-turn-resolution-war
Opinion
My Turn: It's time for an Alaska higher education land-grant equivalency plan

...that 1 million acres of the Naval Petroleum Reserve (NPR) should comprise a coherent, purposeful grant, given its oil revenue potential. It all was for naught. In the end, statehood ended the government's participation in the dialogue...

http://juneauempire.com/opinion/2015-02-01/my-turn-its-time-alaska-higher-educat
Opinion
Walker administration won't revisit SB21

...rise. Tichotsky confirmed that.He said after the meeting said the state has historically been focused almost only on oil revenue and its general fund. But the state has $100 billion in assets, a quarter as much as Russia's oil reserve fund...

http://juneauempire.com/state/2015-01-27/walker-administration-wont-revisit-sb21
State | AK legislature
My Turn: SB21 is broken

...receive $283 million for fiscal 2015 (509,500 bbls/day by 365 by ($47.28 - $9.31) by 0.04). Total oil revenue, including royalty, for ANSWC would be about $1.4 billion for the fiscal year. Alaska also collects other petroleum...

http://juneauempire.com/opinion/2015-01-26/my-turn-sb21-broken
Opinion
From car lots to city budgets, cheap oil means change

...islands built to pump oil sit just off shore, the city is deciding which capital projects can still move forward. Oil revenue pays for the basketball courts, pools and other amenities on the waterfront, but there is only $95 million on hand...

http://juneauempire.com/state/2015-01-20/car-lots-city-budgets-cheap-oil-means-c
State
Walker: Nothing off the table in budget talks

...the fall in oil prices, according to a new analysis by the Legislative Finance Division. Alaska relies heavily on oil revenue to fund the cost of government, and the state is expected to use savings to help it get by.The analysis shows that...

http://juneauempire.com/state/2015-01-20/walker-nothing-table-budget-talks
State
After federal announcement, governor talks secession

...Walker said he will be sending U.S. Secretary of the Interior Sally Jewell a $2 billion invoice for the potential oil revenue lost to the state if ANWR and offshore areas are permanently closed to drilling."They're certainly shutting down...

http://juneauempire.com/state/2015-01-28/after-federal-announcement-governor-tal
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 expecting...it's supposed to, the state's oil revenue will be up regardless of price...

http://juneauempire.com/state/2014-10-24/slumping-oil-prices-means-widened-budge
State

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