Perfect Fiscal Storm For Alaska
Kevin Powell January 18, 2015
Politics • January 2015 • Views: 2,059
As oil prices have gone up and down, so has state spending. At times of low oil prices, the state has found itself in a dangerous climate of trying to fund government, which covers everything from schools to roads to state troopers and much more. At times of high oil prices — and tax structures that took advantage of these rising prices — the state accumulated billions of dollars in savings and surpluses. Now that money is at risk of drying up.
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