Dan's Dispatch

Alaskans are the beneficiaries of the state’s investment. Our constitution requires the State of Alaska to manage our resources to the maximum benefit of the people. Government’s fiduciary duty to its citizens is to make prudent investments and establish a sustainable budget. The State of Alaska must make responsible and wise business decisions, as we are an owner state. The current oil and gas tax credit system, with its many layered and net operating loss credits, does not do that.

Alaska receives essentially no income from the development of our jointly held oil and gas resource in Cook Inl...