Gov. Parnell talks State economy, local impacts

Gov. Sean Parnell visited Petersburg last week and spoke with Petersburg Pilot staff about regional issues as well as the future of Alaska’s economy.

Parnell said, because of oil tax changes, oil companies are increasing investment in production.

“What that means in real life is that money is going into wells where there is known oil which means new state revenue which means not only jobs for Alaskans but more revenue for communities that depend on that revenue,” Parnell said.

But it will take time for the revenue to become real. A slim state budget this year means less state money for communi...