Rep. Kreiss-Tomkins’ Newsletter: A $2 Billion Goof

Rep. Jonathan Kreiss-Tomkins • “$2 billion revenue shortfall sparks oil tax debate” — Anchorage Daily News • “Oil Tax Revenue Expected To Decline By $2 Billion” — Alaska Public Radio • “Alaska Revenue Forecast Shows Unanticipated Multibillion-Dollar Deficit” — Alaska Dispatch Translation: We, the State of Alaska, have $2 billion less in oil revenue this coming year than we thought.
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NEWS: It Doesn’t Have To Be This Way

Alaska State Seal Oil Wealth Giveaway increases deficit now, undercuts ability to replenish savings later A small budget is not surprising, but the lost opportunities for Alaskans and inability to replenish state savings accounts due to recent changes to the state’s oil tax will cost Alaska in the future, said House Democratic leadership today in response to Governor Parnell’s proposed budget.
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