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Alaska debates how to conserve oil money for future
Alaska faces a tax and spending pressure as oil and gas royalties fund a large share of the state budget. Officials debate shrinking reliance on nonrenewable income through a Permanent Fund and new in state hiring rules while seeking long term growth and job creation amid rising government costs. Industry leaders warn against heavy taxation while voters approved the fund to diversify revenue. The governor and lawmakers discuss lease terms and in-state benefits to sustain Alaska’s economy for decades.
MENTIONED IN THIS ARTICLE
Juneau
Alaska
Alasl
United States
Sterling Gallagher
Perior