Bouncy year ahead for state revenues
July 13, 2022
“Bouncy” sounds less dramatic than “volatile,” and certainly less depressing than “money-losing.” And it’s not nearly as scary as “billion-dollar bust.”
But bouncy is an appropriate word for forecasting state earnings this year.
It’s not unexpected, as pretty much all of Alaska’s money is based on oil prices and investment returns, and both are about as stable these days as a small boat on rough seas, with an underpowered outboard.
And though Alaska needs leaders who know what to do to safely ride it out, it’s an election year and Alaska has several candidates for go...