Daily Archives: September 27, 2014

Bill Walker: “I will … put in place a sustainable budget.”

Web Note 14 Fiscal Burden_Page_01

Click above to read ISER Web Note 14.

Two years ago the University of Alaska – Anchorage Institute of Social and Economic Research (ISER), the state’s best economic think tank, said this:

“Right now, the state is on a path it can’t sustain. … Reasonable assumptions … suggest we do not have enough cash in reserves to avoid a severe fiscal crunch soon after 2023, and with that fiscal crisis will come an economic crash.” ISER also offered a solution.  “What can the state do to avoid a major fiscal and economic crisis? The answer is to save more and restrict the rate of spending growth. All revenues above the sustainable spending level of $5.5 … would be channeled into savings.”

Continue reading