On February 25th, Commonwealth North released its Alaska fiscal policy study: The State's Operating Budget: Critical Crossroads, Choices, and
Report Now Available Online!
Click here to watch the video
Study Co-Chairs: Cheryl Frasca and Eric Wohlforth
The report is the result of almost
six months of deliberative discussions and presentations within our
Fiscal Policy Study Group.
With Commonwealth North's long commitment to a sound state
fiscal policy and the state faced with a daunting gap between revenue and
spending, CWN's Fiscal Policy Study Group was charged with an examination of
the State's operating budget to identify recommendations to help reduce state
Over the years, CWN studies have focused primarily on the
revenue side of the state's ledger, working to find innovative solutions to
generate increased revenue needed to provide essential services. We have learned along the way it is not
enough to just address revenue; instead, a thoughtful approach to rightsizing
government is necessary. It's an
uncomfortable conversation for many, but critical if Alaska is to ensure choices
and opportunity today and into the future.
We hope with this study to bring focus to the operating
budget because its obligations are recurring, and these obligations have
increased over 100% in the past ten years.
We thank Northrim Bank for helping to sponsor our
efforts to shine light on our state's fiscal challenges.