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ACES

Did SB21 Cause Our Budget Problems?

Posted on August 16, 2018November 17, 2020 by Ed King

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 in production and all the[…]

Posted in Educational, Oil Industry, State Finances Tagged ACES, oil, tax credits, tax system Leave a comment

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Current Economic Numbers (as of May 25, 2020)

Unemployment rate: 13.7%

Employed: 288,767 (-31,933)

Unemployed: 45,980 (+26,027)

Total Wages: $21.8 billion

GDP: $55.8 billion

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Juneau, AK
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