Don't empty the pocket that feeds us

 

February 14, 2024



Think of the state’s Constitutional Budget Reserve Fund as the rich uncle or rich aunt you can go to when you’re short of cash to pay bills and need a loan. But even that wealthy relative has a bottom to their pocket. Take too much out and that pocket could be empty when you really need it.

It’s like that with Alaska’s budget reserve fund, the voter-approved, 34-year-old savings account that was created to hold excess oil and gas revenues for when the state needs readily available cash to balance the budget.

The budget reserve provides an infinitely more responsible option than pulling money o...



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