Monthly Archives: October 2017

On Wednesday of this week the Department of Revenue published what they titled the “Preliminary Fall 2017 Revenue Forecast.”  A copy is available here,   https://goo.gl/kEFWzN.

While most have focused on the change reflected in the document from the Administration’s previous oil production and revenue forecasts, we think the largest and most important change is on a different line — the projected increase in realized FY 2018 earnings from the Permanent Fund.

Last Spring the Department projected $3.3 billion in realized Permanent Fund earnings for FY 2018 (https://goo.gl/5FvQNY at p. 4).  The Preliminary Fall Forecast now projects realized earnings at $4.4 billion, more than $1 billion more.

As we discussed in our turn yesterday as guest host of The Tom Anderson Show we think the revised revenue forecast calls into serious question the need for either PFD cuts or any other so-called “new revenue,” other than the implementation of Governor Hammond’s original 50/50 plan.

The segments where we discuss the Preliminary Fall forecast are at the link above.  For those that prefer to listen on Soundcloud, the audio is here,  https://goo.gl/7w6S3n.

Each Tuesday morning at 7:20 am Alaska, I join KBYR AM700‘s The Michael Dukes Show to discuss the latest in Alaska oil, gas and fiscal issues. This week Michael and I discuss how the Administration misunderstands the cause of Alaska’s recession and as a consequence, the solution, and an update on the good and not as good news from the Alaska oil patch.

The segment is at the YouTube clip above. The full show is available from The Michael Dukes Show’s Soundcloud page.

For those interested, our YouTube home page, here, contains all of our recent radio appearances, online and radio ads and other presentations. For those interested in a simplified audio version, we also post our radio segments to Soundcloud.  The fiscal segment from Tuesday’s show is available on Soundcloud here. For a collection of our past episodes on Soundcloud, go here.

Each Tuesday morning at 7:20 am Alaska, I join KBYR AM700‘s The Michael Dukes Show to discuss the latest in Alaska oil, gas and fiscal issues. This week Michael and I discuss former Governor Murkowski’s recent piece on oil tax credits (what I have called the worst fiscal policy idea ever) and why a flat tax is the best approach among the new revenue options for restraining spending (the commentary we discuss is here: goo.gl/izo5hM).

The segment is at the YouTube clip above. The full show is available from The Michael Dukes Show’s Soundcloud page.

For those interested, our YouTube home page, here, contains all of our recent radio appearances, online and radio ads and other presentations. For those interested in a simplified audio version, we also post our radio segments to Soundcloud.  The fiscal segment from Tuesday’s show is available on Soundcloud here. For a collection of our past episodes on Soundcloud, go here.

Each Tuesday morning at 7:20 am Alaska, I join KBYR AM700‘s The Michael Dukes Show to discuss the latest in Alaska oil, gas and fiscal issues. This week Michael and I discuss whether a permanent PFD cut is a “done deal” (we don’t think so but time is running short on changing the outcome) and whether Alaskans are being played by the Top 20% and Senate R’s.

The segment is at the YouTube clip above. The full show is available from The Michael Dukes Show’s Soundcloud page.

For those interested, our YouTube home page, here, contains all of our recent radio appearances, online and radio ads and other presentations. For those interested in a simplified audio version, we also post our radio segments to Soundcloud.  The fiscal segment from Tuesday’s show is available on Soundcloud here. For a collection of our past episodes on Soundcloud, go here.

Each Tuesday morning at 7:20 am Alaska, I join KBYR AM700‘s The Michael Dukes Show to discuss the latest in Alaska oil, gas and fiscal issues. This week Michael and I discuss additional problems building on the horizon for state revenues and costs, and, if we need to go there (and it increasingly appears we do) why a flat tax is the best way to approach new revenues.

The segment is at the YouTube clip above. The full show is available from The Michael Dukes Show’s Soundcloud page.

For those interested, our YouTube home page, here, contains all of our recent radio appearances, online and radio ads and other presentations. For those interested in a simplified audio version, we also post our radio segments to Soundcloud.  The fiscal segment from Tuesday’s show is available on Soundcloud here. For a collection of our past episodes on Soundcloud, go here.