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Dan's Dispatch

 


In the current budget that was approved by the majority of Alaskan Legislators, 430 million dollars is allocated for direct cash payouts to oil companies in the form of credits. The state’s obligation for this year’s credits is 750 million dollars. Thus, even if the  State of Alaska pays out the allocated 430 million dollars, it will continue to be responsible for 320 million dollars additionally in future obligations. That 750 million dollars is the third biggest spending item in our state’s budget. Under SB 21, the state is obligated to pay 750 million dollars in oil tax c...



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