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The Crude Oil Blues: Alaska's 2017 Budget Process

  • Author(s): Wright, Glenn
  • Hazelton, Sorcha
  • et al.
Abstract

Despite low oil prices and predictions that Alaska would fall into a recession in 2015 or 2016,the Alaskan economy remained resilient into 2016, despite significant tailwinds. However, Alaska’sresilient economy does little for the state government budget, due to the state’s high relianceon oil for tax revenues.

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