Legislature could restore old state tax for education
May 6, 2021
Rich with oil dollars, the Alaska Legislature in 1980 abolished the state’s annual $10-per-person tax that went to help support schools.
More 41 years later, with North Slope oil production at its lowest level since the giant Prudhoe Bay field went online, and the state facing chronic budget gaps, a House committee this week is holding hearings to bring back the tax.
The proposed tax would bring in an estimated $65 million a year, less than 10% of annual state budget deficits in recent years, but it’s a start, said Anchorage Rep. Ivy Spohnholz, chairwoman of the House Ways and Means Com...