Alaska's fiscal crisis requires a long-term plan now - Anchorage Daily News
Print article Alaska has kicked the can down the road for years, but we have run out of road when it comes to paying for vital public services like teachers, roads, and public safety. This fiscal crisis demands action now. • Oil revenues have collapsed and are not projected to recover. While oil revenues accounted for 92% of the state of Alaska’s revenues seven years ago, last year, oil generated less than 25% of those revenues. (These figures are for Unrestricted General Fund, or UGF, dollars, the most common measure of Alaska’s state budget.) After adjusting for population and infla...