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My Turn: Don't wait for Alaska to crash

...abolished our statewide income tax, and went on the oil revenue train for 90 percent of our operating and capital spending...goal: Prudhoe Bay will not last forever. Someday the oil revenues will run out and when that happens, it would be great...
My Turn: Moving toward a true owner state

...the Permanent Fund and make them available for dividends. While these revenues may now be very small in comparison to oil revenues, and some may not be as volatile as oil, if we truly want to be an "owner state" why not apply these same principles...
Oil collapse tests US colleges as donors dry up

...Louisiana lawmakers were forced to cut $3.8 million from public colleges.The mood is darkest of all in Alaska, where oil revenues pay for 90 percent of state spending. Schools already under a blanket hiring freeze are expecting a third year of budget...
Gov. Walker rolls out proposal to turn Permanent Fund into state's money factory

...budget plan that redirects almost all of the state's oil revenue to the Permanent Fund, in effect turning it into to decouple spending from volatile and uncertain oil revenues, which is the country's increasingly dominant source...
Oil prices continue to widen state's fiscal problem

...billion in revenue this fiscal year - $1.6 billion of that from oil - but with prices this low, the state's actual oil revenue will be closer to $1.2 billion, Hoffbeck told the Alaska House Finance Committee in August.For every $5 decline...
My Turn: It's time for Alaska to drive its destiny

...developed a state government that is largely funded by oil revenues from state and federal lands. Traditionally, 1975 in order for Alaska to receive much-needed oil revenue prior to construction of the Trans-Alaska Pipeline...
My Turn: Reflections of Alaska's fiscal situation

...portions of the non-renewable oil revenue set to flow into Alaska's public...setting aside a portion of the oil revenue bonanza is reflected in the significant...exist.Saving a huge hunk of the oil revenues, as conceived by Malone and other...
Obama to walk fine line on climate, energy

...Alaskans, though, the issue comes down to dollars and cents. Both the state government and its residents rely deeply on oil revenues to stay afloat, and falling oil prices have already created a serious budget deficit.Brian Deese, Obama's senior...
Pitney: Cuts only one piece of budget picture

...budget situation. Drastic measures need to be taken within the next 24 months, he said.Alaska relies heavily on oil revenues to fund state government and faces multibillion-dollar deficits amid low oil prices. The state is using savings to...
Alaska Editorial: Cut state travel spending

...give states influence on national policy.The trip comes in the midst of state budget cuts as a result of declining oil revenue. Cuts reached $400 million this year, and higher reductions are anticipated in the future.This all goes to say...


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