Daily Archives: June 20, 2011

Alaska Fiscal Policy| Alaska’s Legislature Is Spending Away Alaska’s Future

An article in yesterday’s Anchorage Daily News caught my attention.  The article — “Parnell budget vetoes due in next 2 weeks” — reports on the status of the Parnell Administration’s consideration of the Alaska capital and operating budgets passed during the recent legislative session.

The truth?  The Alaska Legislature is spending away Alaska’s future.  In a recent report, UAA’s Institute for Social and Economic Research concluded that while oil production has built the Alaska economy, extending the current production and revenue numbers past 2020 reveals “a story of significant decline.”  See Alaska’s Petroleum Industry, Transformative But Is It Sustainable,” University of Alaska Anchorage, Institute for Social and Economic Research (April 2011). Continue reading