With all due respect to those on both sides of the debate, at this point oil reform is only the second most important issue to Alaska’s future. Right now, reforming Alaska’s fiscal policy should take priority.
Alaska is at a crossroads. As I have explained elsewhere on these pages, continuing the current levels of state spending will doom future Alaskans to a lower standard of living, either as a result of reduced state goods and services or the need to implement state income, sales and property taxes to sustain them. As current spending rates, oil reform may delay that result, but it will not change it. Continue reading