Alaska’s oil tax credits are threatening to overwhelm the state budget and are expected to grow to as much as $1.7 billion a year, costing the state more than it spends for schools and becoming its single largest expense, Gov. Bill Walker warned Wednesday.
Alaska Gov. Bill Walker signed state operating and capital budgets Monday, approving $9.8 billion in spending sought by the Legislature but vetoing a possible $200 million in controversial oil tax credits.Pat Forgey
A state-owned corporation on Monday responded to a Wasilla legislator who criticized it for sponsoring a fundraising golf tournament during business hours as Alaska confronts a multibillion-dollar budget deficit.Nathaniel Herz
Twenty-five of the 200 political staff members to Alaska’s lawmakers during their annual legislative session earned monthly salaries equivalent to more than $100,000 annually, with 70 paid at rates of $84,000 or more. Nathaniel Herz
Valerie Mertz, chief financial officer of the Alaska Permanent Fund Corp., has been named as the temporary executive director following the resignation of long-time executive director Mike Burns.Pat Forgey
As Ethan Berkowitz prepares for his swearing-in as mayor this week, he is relying on the professional expertise of his wife, an Arctic governance researcher and immigration attorney, to help shape his administration.Devin Kelly