Juneau, Alaska

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

Blog Posts

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 […]

Alaska By the Numbers – October Edition

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 […]

Thoughts on the Permanent Fund Investing in Alaska

Most people who read this blog are already aware of the recent decision by the Alaska Permanent Fund Corporation (APFC) to dedicate 5% of the fund’s balance toward investing in Alaska. The resolution, passed last week, initiated the process with $200 million of seed money out of the existing “special […]

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 […]

How Important is the PFD to Alaska’s Economy?

In about a week, a total of $1 billion will be deposited into bank accounts across Alaska. Over 600,000 Alaskans will receive $1,600 each to spend however they choose. You will see just about every business in Alaska competing to capture a share of that bump in income. Clearly, the […]

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 […]

Yes, PFD Cuts are Taxes

As the Permanent Fund Dividend (PFD) checks hit our bank accounts in a few weeks (October 4th), the deposit will be $1,600 for each of us. This isn’t news. We’ve known that since April. What you may not know is that those deposits are going to beĀ around $1,400 less than […]

Alaska by the Numbers – September Edition

Each Monday, I update my production and oil price models with the newest data from the week before. Then, I run a new set of simulations and post the results here and here respectively. Those numbers become inputs into a projection of State revenues. I also track changes in jobs, […]

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 […]