Some view the #AKbudget as fenced, that taxes on/cuts in PFDs are necessary to maintain spending. BUT IT'S NOT. Lower-impact revenue options are readily available to replace PFD cuts and maintain spending. #akleg
As Revenue Comm'r Adam Crum had the opportunity to demonstrate competence at both oil revs & PF earnings, the core of the #AKbudget. He has failed miserably at both, leaving #AKfams exposed to personal taxes instead. What record does he think he will run for #AKgov on? #akleg
Because of its regressive impact, many would raise issues if one-third of the #AKbudget was being financed with a sales tax. Why is it that the same level is being financed using MUCH MORE regressive (and impactful) PFD cuts (with no exemptions), and the same players are just going along? #akleg
This Wk's Top 3| Nearly a third of FY26 spending is being paid for by PFD cuts: we examine #WhoPays, Anna MacKinnon picks up from where she left off in the Senate & how the #akleg could stop the OPEC tail from wagging the #AKbudget dog. T'row, 6:05a on the Michael Dukes Show at https://buff.ly/TqKUWs2
The #AKbudget doesn't have to be whipped around by oil price volatility. We've chosen to do it to ourselves. Here's how to avoid it in the future. #akleghttps://buff.ly/YzsxYZQ
Brad Keithley’s chart of the week: Dealing with OPEC
From the perspective of most Alaskans, the actions of the Organization of the Petroleum Exporting Countries (OPEC) affect the Alaska economy in two major ways. The first is the impact on the overall level of the state’s revenues, up or … Read More
Some blindly argue that, of the personal tax alts, an income tax is best for dealing with #AKbudget deficits. But the rate required is HUGE (30%) if they have the old "% of federal taxes paid" approach in mind. The numbers suggest an ultra-broad-based sales tax is a better option. https://buff.ly/SdUhySD
Brad Keithley’s Chart of the Week: Revenues
Those who follow these columns know that we have been discussing for nearly all of the time we have been writing them the fiscal sinkhole into which the state gradually has been sliding over most of the last decade plus. … Read More
From the perspective of #AKfams & #AKecon, Dunleavy's failure - and it's huge - as #AKbudget deficits have soared has been his refusal to push equitable, low-impact revs to close it. His strength has been his refusal to agree to permanently adopt "the most regressive tax ever proposed." #akleg