Daily Archives: November 23, 2014

With election over, time to realize Alaska faces huge fiscal challenge …

Fiscal CliffMy appreciation to the Alaska Dispatch News for running the following op-ed piece in both its online and print editions (Tuesday, November 18, p. B4), and to the Fairbanks News-Miner for doing the same in both its online and print editions (Wednesday, November 26, p. A8). The piece ran under the headline “Governor-elect will have to cut deep to keep Alaska budget sustainable” (ADN online), “Walker must cut deep to make budget sustainable” (ADN print), and “State entering bleak budget times” (FNM online and print).

Sometimes the buzz created by election campaigns tends to mask what is going on in the “real world.” The most recent Alaska election cycle is a good example. While the Walker and Parnell campaigns debated through the fall about whether the state budget should be cut in the next year by 5 percent, 16 percent or something in between, in the real world state revenues have been plummeting to levels that make those numbers seem like artifacts of ancient history. Continue reading