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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...
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...
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...
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: Production is the only number that matters

...benefit of its people.The only time the repeal supporters want to talk about production is when they point to the Revenue Department forecast for 10 years from now. What they never mention is that the forecast is based in no small part on the production...


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