Month: February 2020

  • Alaska is Unique When it Comes to Oil Ownership and Taxes

    Alaska is Unique When it Comes to Oil Ownership and Taxes

    Around the globe, there are two basic systems governing the ownership of oil. In the first, resources are owned and controlled by the government. In the second, personal property rights extend all the way down to the core. The difference between the treatment of subsurface mineral ownership has far reaching implications. And, Alaska finds itself…

  • Alaska’s Revenue Outlook

    Alaska’s Revenue Outlook

    The Department of Revenue puts out a forecast of state revenues each December, which serves as a companion to the budget. The latest numbers are a few months old now, and an update should be released next month. However, the Spring update usually focuses more on adjusting the budget year than the long-term outlook. The…

  • Tackling Some Questions about the Fair Share Act

    Tackling Some Questions about the Fair Share Act

    Many Alaskans have probably heard something about the oil tax initiative called the “Fair Share Act.” You may have been asked to sign a petition while shopping, or you may have read something about it in one of the media outlets. You are likely to see it on the ballot when you vote this November.…

  • Alaska By The Numbers – January 2020

    Alaska By The Numbers – January 2020

    Here is your monthly update on some of the things that impacted Alaska’s finances and economy. The Legislature Gaveled In on January 21st The primary responsibility of the legislature is to appropriate the money needed to run the state government. Unlike last year, the House Finance Committee got right to work. The subcommittees are currently…