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The complexities in Alaska s budget proposal
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Alaska’s elected officials lack the political will to solve our fiscal crisis February 2, 2021 by Anonymous
Alaska doesn’t have a fiscal crisis, we have a math problem and a lack of political will to solve it.
According to the Legislative Finance Division, the state expects to receive $1.2 billion from annual revenue (oil royalties, severance taxes, and other smaller taxes) and another $3.1 billion from the annual 5% draw from the Permanent Fund. That totals $4.3 billion. Coincidentally, Governor Mike Dunleavy proposes to spend $4.3 billion for the operations of state government. Some legislators, including Senator Natasha von Imhof, point out that if we do not pay any more Permanent Fund Dividends (PFDs) we will have a balanced budget. In her mind, if we can give up this annual “handout” Alaskans can continue to live the dream and remain the only state in the nation without a statewide s