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Economy

Alaska House passes operating budget amid looming spending uncertainty

Economy Matt Acuña Buxton -
The $12.3 billion operating budget includes a $2,270 dividend and $175 million one-time school funding, matching the $680 BSA increase vetoed by the governor.
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More problems at Alaska’s state-owned investment bank, conservation group concludes

Economy James Brooks, Alaska Beacon -
The reports arrive as AIDEA seeks permission from the Alaska Legislature to borrow as much as $300 million for a variety of as-yet-unidentified mining projects.
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AIDEA’s job-creation claims fall flat, veteran Alaska economists conclude

Commentary Dermot Cole -
This story is republished from dermotcole.com with permission. In September 2022, Alaska economists Gregg Erickson and Milt Barker, two of the leading experts on the history of Alaska’s state government, did a financial analysis of the Alaska Industrial Development & Export Authority. As I...
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Alaska House is getting underway with the budget: Here’s what’s been added so far

Economy Matt Acuña Buxton -
Legislators grapple with amendments to the state's operating budget, sparking divisions and debates over spending priorities.
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House flirts with overspending Permanent Fund to pay bigger PFD

Economy Matt Acuña Buxton -
The House Finance Committee considers breaking a budget rule to pay out a full dividend by overdrawing the Alaska Permanent Fund, sparking debate over fiscal responsibility.
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New grant could revolutionize home heating and power generation for Northwest Alaska

Economy Nathaniel Herz, Northern Journal -
The 850 heat pumps represent one for “every residence” in the villages of Ambler, Buckland, Deering, Kiana, Kivalina, Kobuk, Noatak, Noorvik, Selawik and Shungnak.
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Alaska’s budget crunch looms over school funding debate

Economy Matt Acuña Buxton -
Alaska faces budgetary challenges as legislators grapple with funding priorities, with limited room for new expenses.
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Alaska AG fails to join eight states in federal suit challenging Kroger acquisition

Commentary Dermot Cole -
The Federal Trade Commission said the nationwide 413-store divestiture plan is a "hodgepodge of unconnected stores, banners, brands, and other assets that Kroger’s antitrust lawyers have cobbled together and falls far short of mitigating the lost competition between Kroger and Albertsons.”
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Alaska lawmaker’s bid to revive stalled green energy policy defines coal as ‘clean’

Oil & Gas Nathaniel Herz, Northern Journal -
Sutton Republican Rep. George Rauscher says he wants to encourage innovation without leaving fossil fuels behind. But one critic is blasting his new bill as a “jumbled mess.”
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Green energy advocates say Anchorage electric utility is ‘freezing out’ its efforts to draft a gas-saving price structure

Environment Nathaniel Herz, Northern Journal -
This story is republished from Northern Journal, which depends on subscriber support. Please consider subscribing. A green power advocacy group says Anchorage’s electric utility is thwarting its efforts to propose an energy-saving payment scheme for customers, and it’s asking state regulators to...
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