Juneau, Alaska

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

Tag: fiscal crisis

Alaska’s Finances Aren’t as Bad as You Think

If you happen across some information about Alaska’s current financial situation, you probably get the impression that we are in dire straights. When oil prices crashed 77% in late 2014, the State’s oil revenues collapsed – leaving a gaping hole in the budget. By all accounts, we’ve been deficit spending […]

Alaska by the Numbers – March 2020

March was a crazy month. It’s almost unbelievable how quickly the world changed in response to the COVID-19 pandemic. Here are some quick highlights about how Alaska’s finances and economy were impacted by the pandemic. The Stock Market Collapsed March began with the Dow at 26,703. By the end of […]

Flattening the Recession Curve

You’ve probably heard the phrase “flatten the curve” quite a bit over the last month. It’s been popular when talking about the current pandemic. Economists use a similar model, except that we want money to pass from person to person as fast as possible. The tie between epidemiology and economics […]

The Economic Damage of the Pandemic

At this point, you’ve probably heard more about the COVID-19 than you can stand. I feel you. And I don’t want to pile on to the discussion about the disease itself. But, the measures to protect public health will have economic consequences. While doing a full analysis of that economic […]

Analyzing HB306 (the PFD bill)

The leadership of the Alaska House of Representatives introduced a piece of legislation on March 5th that would fundamentally change the Permanent Fund Dividend (PFD). The House Finance Committee will be taking up the bill this week. If you would like to provide your thoughts on the bill, public testimony […]

How Hard is it to Hit That $100 Billion Target

The House passed HCR13 earlier this week, mostly along caucus lines. The resolution is now in the Senate. It states that the legislature is committed to protecting the Permanent Fund and ensuring the continuation of the PFD for future generations. While the language is not actually in the resolution, the […]

Alaska is Unique When it Comes to Oil Ownership and Taxes

Around the globe, there are two basic systems governing the ownership of oil. In the first, resources are owned and controlled by the government. In the second, personal property rights extend all the way down to the core. The difference between the treatment of subsurface mineral ownership has far reaching […]

Alaska’s Revenue Outlook

The Department of Revenue puts out a forecast of state revenues each December, which serves as a companion to the budget. The latest numbers are a few months old now, and an update should be released next month. However, the Spring update usually focuses more on adjusting the budget year […]

Tackling Some Questions about the Fair Share Act

Many Alaskans have probably heard something about the oil tax initiative called the “Fair Share Act.” You may have been asked to sign a petition while shopping, or you may have read something about it in one of the media outlets. You are likely to see it on the ballot […]

Alaska By The Numbers – January 2020

Here is your monthly update on some of the things that impacted Alaska’s finances and economy. The Legislature Gaveled In on January 21st The primary responsibility of the legislature is to appropriate the money needed to run the state government. Unlike last year, the House Finance Committee got right to […]