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Economy

Senate committee narrowly approves tax on certain oil companies

Economy Matt Acuña Buxton -
An amendment endorsed by the Senate Resources Committee last week could potentially bring Alaska up to $175 million annually in oil and gas revenue.
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AIDEA wants to borrow $300M to bankroll unidentified projects

Economy Dermot Cole -
AIDEA claims that once it decides what to do with the $300 million, there will not be enough time to get approval from the Legislature on the specifics.
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Alaska Senate panel approves state spending plan with smaller dividend than House proposed

Economy James Brooks, Alaska Beacon -
The Senate proposal closes a $270 million gap in the House plan, but further negotiations are expected in May
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Proposed Ambler road project cited as threat to Kobuk River in Arctic Alaska

Environment Yereth Rosen, Alaska Beacon -
This story was originally published in Alaska Beacon. Alaska’s Kobuk River, which flows out of the Brooks Range above the Arctic Circle, is among the most threatened rivers in the nation because of potential development of a 211-mile road that would...
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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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