Juneau, Alaska

(907) 699-6788 ed.king@kingecon.com

Government

Exploring Alaska’s Budget: Part 1 – Speaking the Language

If you’re watching the gubernatorial debates, you’ve probably noticed that the budget is one of the hot topics. Some candidates say the budget is still too large, others say they’ve done as much as they can to cut it. I hear numbers get thrown around, so my economist ears perk […]

3 Takeaways from Analyzing the PFD

One of the downsides of working alone, is the inability to bounce ideas off others. There is a lot of information gained from seeing brows furrow, lips curl, and eyes glaze over as you speak. Getting challenged to clarify a point or getting another perspective is tremendously valuable. For that […]

A Silver Lining on Alyeska Layoffs

Earlier this month, Alyeska Pipeline announced that they were going to layoff 130 people, as part of a reorganization effort to cut costs. As much as I hate to see people lose their jobs, there is a silver lining for the rest of us. When the cost of transporting oil […]

PFD Cuts Were Probably Unnecessary Sacrifices

Alaska has hired some very good people to manage the Permanent Fund, and they are good at their jobs. Every year, the Alaska Permanent Fund Corporation (APFC) beats the market benchmark and spins off billions of dollars of investment earnings. Over the last 41 years of managing our money, the […]

Here is How Much Money Oil Companies Make in Alaska

One of the things that I’ve heard over and over again, is that there is a lack of transparency in Alaska’s oil taxes. How do we know if the current tax law is “fair” and “equitable” to all parties when we aren’t allowed to see how much money they are […]

Production is Up. Does that Mean SB21 is Working?

When the 28th legislature narrowly passed SB21 in 2013, I was working as a policy analyst for the Department of Revenue. I still remember the late night committee hearings and the frantic preparation of fiscal notes. At the end of the day, the bill was named the “More Alaska Production” […]

Did SB21 Cause Our Budget Problems?

I recently saw a social media post that said something to the effect of “the reason the State is broke is because of the oil tax giveaway back in 2013.” At the same time, I see pro-industry ads talking about how the same tax reform has led to an increase […]

Announcing the 2018 PFD

**The 2018 PFD is $1,600. It was officially announced on the PFD division webpage. The checks will be deposited on Thursday, October 4th.  **Update: The PFD division now shows that it received 656,905 applications. When adjusting for this new information, the statutory PFD works out to $2,989. ***Update (2/6/18): The […]

Fiscal Year 2018 Closing Numbers

Alaska’s fiscal year ends tomorrow, June 30th. While official numbers won’t be posted for several months, preliminary data is already available. Here’s what it looks like. Oil Price Alaska North Slope Crude oil ended up being a year of upward trending prices. While the price of oil ended the fiscal […]

The Legislature Should Not Rely on DOR’s Oil Price Forecast

Each October, the Alaska Department of Revenue (DOR) holds an oil price forecasting session. They gather about 30 people in a room in Anchorage, talk to them about what’s going on in the oil markets, and eventually ask them to write down what they think is going to happen to […]