Juneau, Alaska

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

Tag: fiscal crisis

Alaska Has an Investment Return Paradox

Over the last five years, Alaska has pivoted from being a Petro-state to a Trust Fund kid. Thanks to years of saving and re-investing a quarter of our oil royalties, we now have over $66 billion in the bank. And, those billions of dollars go to work every day, bringing […]

Adding Uncertainty to Those 7 PFD Changes: PFD – Part 6

In this final article on the PFD, let’s explore how uncertainty changes the conclusions we arrived at in Part 5. Today, we will insert alternate projections into the model. From there, we can see how much the outcomes change. To keep this from getting out of hand, I’m only looking […]

Comparing the 7 Ideas to Change the PFD – PFD Part 5

Last week, I laid out the ideas that seem to pop up whenever conversations turn to the Permanent Fund Dividend (PFD). Please refer back to that article for descriptions of these alternatives. This week, I want to attach some numbers onto those ideas. Please remember that I am not advocating […]

7 Circulating Ideas that Change the PFD – PFD: Part 4

We spent last month exploring some of the dynamics of Alaska’s Permanent Fund Dividend (PFD). We looked at a hypothetical perspective of equal partnership between the People and the Government. Then we evaluated how the numbers we see today are influenced by decisions from our past. In part 3, we took […]

Another Exploration into the PFD: Part 1

If you haven’t been following along, the amount of the Permanent Fund Dividend (PFD) isn’t just a matter of calculating the earnings anymore. For the last 4 years, the legislature has moved away from using the traditional formula and has begun determining how much to distribute based on what it […]

Fighting Over Invisible Milk

In the event you have been hiking the Brooks Range for the last six months, let me briefly get you up to speed. We have a fairly serious battle going on in Alaska right now. By way of an oil price crash a few years ago, we’ve burned through all […]

Exploring Alaska’s Budget: Part 5 – FY20 Budget Issues

We’ve looked at Alaska’s budget for the past month. In part 1, we learned some terminology. Then, in part 2, we explored what we buy with all that money. In parts 3 and 4, we analyzed where the budget growth occurred during the high oil price years, and how we […]

Exploring Alaska’s Budget: Part 4 – What Did We Cut?

Now that we’ve explored how the budget increased when oil prices were high, let’s take a look at what got cut when oil prices crashed. Budget Cuts The time period of interest for this article is from the highest budget year (2013) to the most recent budget (2019). In this […]

Exploring Alaska’s Budget: Part 3 – Tracking Down Our Budget Growth

The story I hear most often is that when oil prices topped $100 a barrel, the Legislature went on a shopping spree. That sounds like a plausible story, but let’s check the data just to be sure. Budget Growth Here is a plot of the budget over time, according to […]

Exploring Alaska’s Budget: Part 2 – A look at FY19

Now that we have established some terminology, let’s take a closer look at the FY19 budget. In this post, I’ll be breaking down the budget that was passed in May 2018, for fiscal year 2019 (which began in July 2018). Disclaimer If you want the source data to do your […]