Category Archives: Immediate Reactions

Our comments on the proposed House Operating Budget (HB 57) …

CommentsOver the weekend we prepared and submitted our comments to the House Finance Committee on the proposed House Operating Budget (HB 57).  Here was the summary:

Alaska is currently in an economic recession. We believe consideration of that fact should drive the evaluation this session of every bill touching on the state’s economy. Things that adversely affect the state’s overall economic situation — or unfairly treat some Alaskans economically compared with others — should either be amended to avoid those effects or rejected.

HB 57 certainly is one of those bills that touch on the state’s economy.

For the reasons explained below, we believe that, in its current form, HB 57 both worsens Alaska’s overall economic situation and unfairly treats some Alaskans. In other words, we believe that HB 57 worsens the recession for both Alaska and Alaskans.

In order to avoid those effects, we believe that HB 57 should be amended in certain respects.

Our full comments are here:

An hour on the #AKbudget with Michael Dukes (a special, “Fiscal Friday” edition) …

As regular readers know, each Tuesday morning at 7:20 am Alaska, I join KBYR AM700‘s The Michael Dukes Show to discuss the latest in Alaska oil and fiscal issues.

This week, however, I also joined Michael a second time on a special, “Fiscal Friday” edition of the show.  Michael and I spent the hour working through the various budget proposals currently pending in the House and Senate, their effect on the overall Alaska economy and which legislators are living up to their self-styled claim to be fiscal conservatives and which aren’t (for example, did you know that in an on the record roll call vote Thursday in the Senate State Affairs Committee Senators Cathy Giessel and John Coghill voted with Democrat Senator Dennis Egan and over the objection of Senators Mike Dunleavy and David Wilson to advance the Governor’s PFD-cutting fiscal plan).

The clip starts at my segment. Listen here or at the widget below for the discussion. For past episodes of my discussions with Michael Dukes, go here.

 

This week (Feb 28, 2017) on The Michael Dukes Show …

Each Tuesday morning at 7:20 am Alaska, I join KBYR AM700‘s The Michael Dukes Show to discuss the latest in Alaska oil and fiscal issues. This week Michael and I discuss a commentary by long-time Alaska economist Gregg Erickson on the issue the legislature is missing in the current budget debate (“Focus on Alaska budget misses the point,” goo.gl/El859M), and why the Senate’s latest proposed solution (SB 70) not only misses that same issue but doesn’t even do what its sponsors claim it does. The clip starts at my segment.

Listen here or at the widget below for this week’s show. For past episodes, go here.

Comparing the impact of SB 70 v. HB 115 on the overall Alaska economy …

comparison-of-sb-70-v-hb-115-2-27-2017
Last Friday, the Alaska Senate Majority introduced SB 70, a new bill which proposes to address Alaska’s fiscal situation. Like HB 115, the version being considered in the House, the Senate version relies heavily on cutting the Permanent Fund Dividend (PFD) in order to raise “new revenue.” Unlike the House version, the Senate version does not also contain an income tax component.

Because no one else is, we have started scoring the effect of various fiscal proposals on the overall state economy. As we explained in a previous piece last week scoring HB 115 (“Scoring the effect of HB 115 on the overall Alaska economy”, Feb. 20, 2017), we are doing so using the factors developed last year in two studies done by economists at the University of Alaska-Anchorage’s Institute of Social and Economic Research (ISER).

Our basic methodology is described in the February 20th piece. It measures the effect on the overall Alaska economy of the proposal being scored in four areas: jobs, income, poverty levels and income disparity. Especially given that Alaska is in the midst of a recession, the purpose of the scoring is to determine whether the proposal moves the overall economy forward or backward. Continue reading

This week (Feb 21, 2017) on The Michael Dukes Show …

Each Tuesday morning at 7:20 am Alaska, I join KBYR AM700‘s The Michael Dukes Show to discuss the latest in Alaska oil and fiscal issues. This week Michael and I discuss the effect on the overall Alaska economy of the House Finance Committee’s proposal to make permanent PFD cuts and adopt an income tax, where the state is headed on retirement costs and what the most important criteria is to keep in mind as the House Resources Committee dives back into oil taxes. The clip starts at my segment.

Listen here or at the widget below for this week’s show. For past episodes, go here.

This week (Feb 14, 2017) on The Michael Dukes Show …

Each Tuesday morning at 7:20 am Alaska, I join KBYR AM700‘s The Michael Dukes Show to discuss the latest in Alaska oil and fiscal issues. This week Michael and I discuss my concerns with the Alaska House Majority’s new bills to cut the PFD and establish an income tax (HB 115) and to change oil taxes (HB 111). The clip starts at my segment.

Listen here or at the widget below for this week’s show. For past episodes, go here.

 

This week (Feb 7, 2017) on The Michael Dukes Show …

Each Tuesday morning at 7:20 am Alaska, I join KBYR AM700‘s The Michael Dukes Show to discuss the latest in Alaska oil and fiscal issues. This week Michael and I break down the renewed #AKOil tax debate, why some in the business community are pushing for #PFD cuts (as they work to retain spending on oil tax credits and dodge income and sales taxes) and why the University is having internal problems. The clip starts at my segment.

Listen here or at the widget below for this week’s show. For past episodes, go here.

This week (Jan 31, 2017) on The Michael Dukes Show …

Each Tuesday morning at 7:20 am Alaska, I join KBYR AM700‘s The Michael Dukes Show to discuss the latest in Alaska oil and fiscal issues. This week Michael and I discuss proposals to revise the current Constitutional restriction on spending (Art. 9, Sec. 16, goo.gl/42Mdgt) to make it more effective, Sen. Dunleavy’s SB 1 & 2 to restore the other half of last year’s PFD (https://goo.gl/w3kP0n), and signs of life from #AKLNG. The clip starts at my segment.

Listen here or at the widget below for this week’s show. For past episodes, go here.

This week (Jan 24, 2017) on The Michael Dukes Show …

Each Tuesday morning at 7:20 am Alaska, I join KBYR AM700‘s The Michael Dukes Show to discuss the latest in Alaska oil and fiscal issues. This week Michael and I discuss last week’s #AKLeg hearings on the state of the Alaska economy & Dermot Cole’s recent column on the “Hammond 50/50 Plan” (goo.gl/kpsuYY). The clip starts at my segment.

Listen here or at the widget below for this week’s show. For past episodes, go here.

 

This week (Jan 17, 2017) on The Michael Dukes Show …

Each Tuesday morning at 7:20 am Alaska, I join KBYR AM700‘s The Michael Dukes Show to discuss the latest in Alaska oil and fiscal issues. This week Michael and I discuss what the “Upper 10%” (of Alaskans, by income) don’t get about #PFDcuts, the good news in Alaska oil and why the UA faculty likely is complaining about the Administration. The clip starts at my segment.

Listen here or at the widget below for this week’s show. For past episodes, go here.