January 12, 2007
Fiscal Irresponsibility
The Anchorage Daily News, for all it's liberal faults, does one cool thing.
Publishes Alaska oil prices and compares it with the state budget. (A large chunk of the states income is tied to oil tarriffs)
Notice anything about it? Besides, the plummet in oil prices, at the current price, they're not going to make their budget... and the longer it stays below, the higher it needs to climb to just balance the books.
That would be nearly TWICE the 10 year average.