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Finance director paints sobering budget picture lawmakers and Gov. Bill Walker have referred to it, before looking at additional revenue sources.The state Revenue Department last fall projected unrestricted general fund revenues of $2.2 billion for the upcoming fiscal year. To limit...
State | AK legislature
Walker: Unsustainable for tax breaks to exceed oil tax revenue

...proposed change will be rooted in solid analysis. We're in the analysis phase right now."According to the state Revenue Department, oil and gas production taxes yielded $2.6 billion for the state in 2014. Those taxes are estimated to total...
State | AK legislature
Gov: Unsustainable for tax breaks to exceed oil tax revenue

...incentives, giving away more in tax breaks than the state collects in revenue is irresponsible, and unsustainable.The Revenue department says production taxes yielded $2.6 billion for the state in 2014 but are estimated to total $524 million this...
Walker: Alaska will weather fiscal storm

...18 months for the (excess) supply to drop. After that, we believe the price will edge up."Davis said the Revenue Department has projected an average oil price of $76 per barrel for the current fiscal year, which is now about half over...
State faces $3.5B deficit amid lower oil prices

...dip into savings to get by. Gov. Bill Walker, who took office Dec. 1, has warned of lean times ahead.The Revenue Department said oil prices were the biggest factor in the revenue drop from the prior forecast. It also cited increases in...
Revenue officials explain tax credit issue flagged by Walker

JUNEAU - State Revenue department officials told lawmakers Monday that the tax credits that were a source of contention in an opinion piece by Gov. Bill Walker...
Exploring the 'what ifs' of SB 21, ACES

...ifs'At the request of the Juneau Empire, the Revenue department looked at how a percentage of production risk factors."State projection confirmedThe Revenue department's prediction of increased oil production through...
Evolution of Alaska's oil taxes

...of economists in the state Revenue Department who had long argued that sustain production, the revenue department argued. It was, overall...there were tweaks that the Revenue Department considered necessary, and...
Big Oil almost erases decline for FY 2014

...hiked production over what was expected by the state Revenue Department.The estimated daily average for fiscal year 2014...economists Loren Crawford and Tim Harper, in the Revenue Department's Economic Research Group, compiled the production...
Alaska Editorial: What's the revenue on a barrel of nothing?

...annual decline for the 2014 fiscal year ending June 30 is 1.8 percent based on production that is exceeding the Revenue Department forecast by more than 13,000 barrels per day (resulting in about $374 million in additional state take).No...


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