January 5, 2015

Politico Pro: Alaska’s Bill Walker under Pressure Amid Oil Price Crash

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Meg Wiehe, state tax policy director at the liberal-leaning Institute on Taxation and Economic Policy, said it’s also necessary for Alaska to consider some sort of new tax revenue as a long-term solution.

The state is “really kicking the can down the road,” she said.

“I just think [Alaska’s plan] is fiscally very short-sighted because if you spend the next four to five years draining down the rainy day fund and do nothing to address the fact that 90 percent of your general fund revenue comes from this one tax source, then in 2018, 2019, whoever is in charge of the state [is left with the problem],” she said.

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