Economy

The Obama administration on Friday took the first formal steps to boost the royalties that energy companies must pay for oil and gas they pull from public lands, angering an industry already reeling from plummeting crude prices.Jennifer A. Dlouhy | Hearst Newspapers
A Republican lawmaker with a bill to create a personal income tax has now turned his attention to oil companies. Rep. Paul Seaton of Homer said he hopes the measures will help the state close its multibillion-dollar shortfall.Alex DeMarban
Several Alaska salmon processors have decided to rejoin one of the world’s best-known sustainable seafood certification programs after breaking away about three years ago.Jeannette Lee Falsey
Mayor Sullivan says $7 million left over from 2014 will reduce property taxes and fund police and fire academies and a new program for addiction treatment.Mike Dunham
With no votes to spare, the Alaska House overturned a law that had called for a 2.5 percent raise for a couple of thousand nonunion state employees.Dermot Cole
The state House approved a tax credit bill for Agrium this week without reviewing efforts made by the Alaska Industrial Development and Export Authority in 2014 on a financing plan aimed at boosting the proposed restart of the Kenai fertilizer plant.Dermot Cole
Officials announced Tuesday the name of the Kodiak Island facility is now the Pacific Spaceport Complex Alaska.Associated Press
Legislators looking to kill Alaska's film subsidy program have driven away the big-budget Hollywood movie "Hunter Killer" and may have brought a halt to a burgeoning state industry, critics said. Pat Forgey
Alaska Gov. Bill Walker says his attempt to upsize the backup gas line project could be one of Alaska's smartest financial moves, but an expert on Alaska pipeline politics questioned how a state-led project could be funded.  Alex DeMarban
A key committee of the Alaska House advanced plans to scuttle a 2.5 percent cost of living increase for non-union state employees Monday, paralleling a separate bid to do the same for about 15,600 unionized state and University of Alaska employees. Dermot Cole