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{
    "pk": 46699,
    "title": "Uncharted Waters:  Alaska’s 2015 Budget Process",
    "subtitle": null,
    "abstract": "After a bland start to the 2014 legislative session, fiscal year 2015 became interesting (and challenging) due to the defeat of an incumbent Republican governor and a rapid decline in the global price of oil.  Because taxes on oil generate around 90% of Alaska’s non-transfer revenues, and oil production from Alaska’s North Slope oilfields has been in decline since the late 1980s, the state faced a significant deficit going into FY2015. The decline in revenue led the legislature to pass a significantly reduced budget for FY 2015. At the same time, Alaska’s sovereign investments have increased in size in recent years and the state’s savings and investments totaled more than $60 billion, leaving it with reasonable options for balancing its budget over the long term, but no clear strategy for the future.",
    "language": "en",
    "license": null,
    "keywords": [
        {
            "word": "Western State Budget Report"
        },
        {
            "word": "alaska"
        },
        {
            "word": "fiscal policy"
        },
        {
            "word": "taxes"
        },
        {
            "word": "Oil"
        },
        {
            "word": "Alaska Permanent Fund"
        }
    ],
    "section": "Articles",
    "is_remote": true,
    "remote_url": "https://escholarship.org/uc/item/4nf5h06z",
    "frozenauthors": [
        {
            "first_name": "Wright",
            "middle_name": "",
            "last_name": "Glenn",
            "name_suffix": "",
            "institution": "University of Alaska Southeast",
            "department": "None"
        },
        {
            "first_name": "Jerry",
            "middle_name": "",
            "last_name": "McBeath",
            "name_suffix": "",
            "institution": "University of Alaska Fairbanks",
            "department": "None"
        }
    ],
    "date_submitted": "2016-02-11T23:52:26Z",
    "date_accepted": "2016-02-11T23:52:26Z",
    "date_published": "2016-01-01T00:00:00Z",
    "render_galley": null,
    "galleys": [
        {
            "label": "",
            "type": "pdf",
            "path": "https://journalpub.escholarship.org/cjpp/article/46699/galley/35345/download/"
        }
    ]
}