Juneau, Alaska

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

Tag: fiscal crisis

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 […]

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 […]

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 […]

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 […]