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Walker: Unsustainable for tax breaks to exceed oil tax revenue

JUNEAU - The state is expected to pay about $100 million more in tax credits to oil and gas producers than it receives in production taxes this year amid low oil prices, Gov. Bill Walker said.

http://juneauempire.com/state/2015-01-09/walker-unsustainable-tax-breaks-exceed-
State | AK legislature
Gov: Unsustainable for tax breaks to exceed oil tax revenue

JUNEAU - Gov. Bill Walker says the state is expected to pay about $100 million more in tax credits to oil producers than it receives in production taxes this year amid low oil prices.In an opinion piece, published in Alaska newspapers, Walker says while he supports the philosophy behind tax incentives, giving away more in tax breaks than the state collects in revenue is irresponsible, and unsustainable.

http://juneauempire.com/state/2015-01-08/gov-unsustainable-tax-breaks-exceed-oil
State
Alaska Editorial: A dwindling appetite for megaprojects

...the state (mining provides tens of millions of dollars to state coffers, compared to several billion dollars in oil tax revenue) and use of the road would be restricted to commercial traffic and otherwise closed to the public.Each of the major...

http://juneauempire.com/opinion/2014-12-10/alaska-editorial-dwindling-appetite-m
Opinion
My Turn: Real leaders aren't scared to talk taxes

...do. Their individual state and local taxes are 25 percent higher than ours, too. Of course, it's Alaska's oil tax revenue that's allowed us to enjoy the state's generous spending policies without paying our fair share. We've managed...

http://juneauempire.com/opinion/2014-12-05/my-turn-real-leaders-arent-scared-tal
Opinion
My Turn: If Ballot Measure 1 is about jobs, families and our future - vote 'Yes'

...earnings. The Parnell administration predicted that oil tax revenue in Fiscal Year 2015 would be $3.4 billion.Now the state predicts that with SB 21, oil tax revenue in 2015 will collapse to $1.7 billion. At this...

http://juneauempire.com/opinion/2014-08-17/if-ballot-measure-1-about-jobs-famili
Opinion
My Turn: Real facts on oil tax reform

...profound concern that the continuing reduction of oil at 6 percent a year is a pending economic disaster for Alaska. Oil tax revenues provide about 90 percent of our budget for education, public safety, health and human services, transportation...

http://juneauempire.com/opinion/2014-05-12/real-facts-oil-tax-reform
Opinion
Baffled by Parnell's recent actions

...the backs of our public employees. There is such a disconnect with Parnell's priorities in slashing billions in oil tax revenues without reciprocal guarantees, funding another $400 million study for a small volume bullet gas line that puts not...

http://juneauempire.com/opinion/2013-09-10/baffled-parnells-recent-actions
Opinion
My Turn: Tax reform must focus on increasing Alaska's economy

...development in Alaska, we see that the current system creates a dilemma for the State. Since the State receives oil tax revenue from production, but awards tax credits based on a company's spending, we incur significant costs to the treasury...

http://juneauempire.com/opinion/2013-01-13/my-turn-tax-reform-must-focus-increas
Opinion
Alaska editorial: If oil drops, we'll have to help pay for services

...the state would fare if prices ever dropped to about $25 a barrel. It's called the "crossover point" at which oil tax revenues under the proposed new system would be less than under the existing formula. The trade-off for a lot more state...

http://www.juneauempire.com/stories/051506/opi_20060515001.shtml
Opinion
Alaska editorial: In support of the governor's revenue plan

...could renovate and expand. Not only will construction of the gas line create jobs, but the influx of new gas and oil tax revenue would build infrastructure to sustain and attract new businesses to communities. Alaska would be able to provide...

http://www.juneauempire.com/stories/052506/opi_20060525001.shtml
Opinion

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