Resource Revenues and Alaska Spending Recommendations

DATE STUDY OVERALL SUMMARY ASSUMPTIONS RECOMMENDATIONS CHAIRS

December 1980 Alaska's Golden Opportunity: Resource Revenues and State Spending An analysis of the best ways to invest Alaska's resource revenues for the long-term benefit of the state. 1. Alaska has a "colonial economy" which is characterized by its dependence on the federal government and the export of raw materials.
2. Across the board tax burden reduction is necessary to strengthen Alaska's private sector and reduce the size of government.
3. The State needs to provide an infrastructure that will move Alaska away from its economic dependence on the rest of the nation. 1. The State needs to draft a 5-6 year Capital Improvement Plan and publish a series of projections illustrating anticipated growth in both state revenues and expenditures.
2. Tax credits should be established for the purpose of encouraging business reinvestment in Alaska
3. The growth of state and local government operating budgets should be tied to the annual non-government work force.
4. An Alaska Investment Fund should be established to finance large, self-liquidating projects.
5.State loan programs should be strictly limited and contain a provision for independent audit systems.
6. The Permanent Fund should be invested in appreciable assets so that its income will keep pace with inflation. William Sheffield

Commonwealth North Reports

Commonwealth North

DATE	STUDY	OVERALL SUMMARY	ASSUMPTIONS	RECOMMENDATIONS	CHAIRS
December 1980	Alaska's Golden Opportunity: Resource Revenues and State Spending	An analysis of the best ways to invest Alaska's resource revenues for the long-term benefit of the state.	1. Alaska has a "colonial economy" which is characterized by its dependence on the federal government and the export of raw materials. 2. Across the board tax burden reduction is necessary to strengthen Alaska's private sector and reduce the size of government. 3. The State needs to provide an infrastructure that will move Alaska away from its economic dependence on the rest of the nation.	1. The State needs to draft a 5-6 year Capital Improvement Plan and publish a series of projections illustrating anticipated growth in both state revenues and expenditures. 2. Tax credits should be established for the purpose of encouraging business reinvestment in Alaska 3. The growth of state and local government operating budgets should be tied to the annual non-government work force. 4. An Alaska Investment Fund should be established to finance large, self-liquidating projects. 5.State loan programs should be strictly limited and contain a provision for independent audit systems. 6. The Permanent Fund should be invested in appreciable assets so that its income will keep pace with inflation.	William Sheffield