This is not the fiscal plan Alaska needs
Three-term Nikiski Rep. Ben Carpenter is right, the state needs a sustainable, long-term fiscal plan. Give him credit for raising the issue. Talk of a balanced fiscal plan has lingered since 1990 — before several of today’s legislators were even born.
The discussion about diversifying Alaska’s economy has lasted even longer, ever since the first oil started flowing from Prudhoe Bay in 1977 and we tried using the riches to expand the state’s economy and job opportunities beyond crude.
But unless new business activity produces oil, any new industry or commercial enterprise does little to nothing...
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