These are free monthly updates about what’s going on in Alaska’s economy.
Now that the holidays are over, it’s time to turn our attention back to Alaska’s financial problems. Here are some of the highlights of what happened in December 2019. The Governor Released His FY21 Budget Proposal The governor rolled out his proposed FY21 budget on December 11th. To the surprise of many observers, Governor Dunleavy[…]
November was a month of little change. In general, the markets turned slightly optimistic. That’s good news for Alaska in both the oil and investment side of things. Here’s a recap of where things stand. The Stock Market Gained on Trade Deal Hopes Equity traders saw a break in the onslaught of negative economic news[…]
Here is your free monthly update on what’s going on in Alaska’s economy. The Labor Market Keeps Improving According to the Department of Labor numbers released last week, Alaska extended its winning streak to 12 consecutive months of job growth. The jobs count in September 2019 was a total of 2,000 jobs higher than in[…]
Here’s your monthly briefing of what happened in the financial news and how it impacts Alaska’s economy and fiscal situation. Your $1,606 PFD is Coming on Thursday It’s official. The Department of Revenue has announced that the amount of 2019’s (FY20) PFD will be $1,606 for each eligible Alaskan. Not too far from what I[…]
A lot happened in Alaska during the month of August. Here’s the run down on how we read the headlines. BP and Hilcorp Agreed to Terms on Alaska Assets The news that broke the internet in Alaska last week was a press release from BP. They announced that they were selling all of their remaining[…]
The Alaska Oil and Gas Conservation Commission (AOGCC), the state agency which tracks oil production across Alaska, has released the last of the FY19 oil production data. All production companies are required to report the amount of oil, gas, and water they take out of the ground to AOGCC each month. Those numbers are all[…]
Here is your monthly update on how things are going in Alaska’s economy. Read on for some of the headlines and highlights from July 2019. The Governor Vetoed the Budget It would be hard to imagine that you’re reading this article without knowing about the veto situation. But, just in case, here you go. The[…]
Now that my work with the new administration is done, I’m back to providing you with some light reading. Here’s your monthly breakdown of the things that I’ve been watching in Alaska’s Economy. Although, seeing as today is the first day of the new fiscal year, this edition provides insight into how fiscal year 2019[…]
Here’s the big news that broke last month, and how it impacts Alaska’s economy. GMT1 Production Started Ahead of Schedule ConocoPhillips announced that they started flowing oil from the Greater Moose’s Tooth Unit on October 5th. This is a full two months ahead of schedule. While initial flows are only around 8,000 barrels per day[…]
If you check your bank account on Thursday, you should receive your $1,600 PFD. I hope you enjoy it! But if you read these pages, you probably know that deposit is smaller than it would have been if paid according to the statutory formula. I previously estimated the “right” number at $2,931. Now that the[…]