July 9, 2009
12:00 PM
- 1:00 PM
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Pat Galvin, Commissioner of the Department of Revenue, and Karen Rehfeld, Director of the Office of Management and Budget, will be addressing Commonwealth North Thursday, July 9th from 12-1 at the Captain Cook Hotel. They will be giving the Administration's perspective on the State's fiscal outlook for the next ten years.
Alaska’s economy is at a crossroads. Nearly 90% of the state's revenues come from oil production that is declining every year. At the same time, in recent years state spending has increased dramatically. The health of Alaska's economy rests on the stability of the state's finances. Alaska needs a comprehensive fiscal strategy that looks into the future so that strategic decisions can be made today.
As a follow-up to our 2007 study of the Permanent Fund and the State's fiscal future, Commonwealth North has created a Fiscal Action Coalition to stay abreast of fiscal policy issues and through which a coalition can be built to achieve the fiscal stability that is so important to the future of our state.
