Alaska has the tools and assets to ‘reset’ our government revenue and expenditure allocations by exerting more discipline in the fiscal process. This will be done through legislative and administrative actions in the upcoming legislative session and future sessions. As a state, we have more going for us with financial assets such as the Permanent Fund than any other resource development state and most countries. We simply need to marshal and align our leadership and our resources in a manner that balance the sources and uses of funds while being attractive for investment and sustained (albeit reduced) living standards.
Attached are two articles that are great summaries of the challenges and opportunities for Alaska. One is from the most recent Alaska Business Monthly and the other from a recent article in the Alaska Dispatch News. The Institute of Social and Economic Research (ISER) and the Rasmuson Foundation are both good resources for information on the state’s challenges. Consider joining the Rasmuson Foundation’s mailing list at http://plan4alaska.com/ for updated information throughout the legislative session and beyond.
We will continue to post articles of note on Alaskanomics and encourage everyone to stay informed and engaged.
Alaska Business Monthly- Alaska's Economy: Historical Trends and Future Outlook
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