Alaskan's Journal

Daxigait

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Yeah, when it gets too cold if you aren't at the birth you can so easily lose the babies... or at least their ears.
Well, given your location here's to a sunny day not just warmer temperatures.
Do me a favor next time you're traveling if you go near Fish Creek in Wasilla, wave at my property I miss salmon fishing. It is a shame to own good property and never get to see it.
with the governor clearing a hurdle maybe they'll actually finally build that bridge and I can sell it.
 
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Alaskan

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Well, given your location here's to a sunny day not just warmer temperatures.
Do me a favor next time you're traveling if you go near Fish Creek in Wasilla, wave at my property I miss salmon fishing. It is a shame to own good property and never get to see it.
with the governor clearing a hurdle maybe they'll actually finally build that bridge and I can sell it.
Well... the way things look..

20% of Alaskans will be losing their jobs....

State might empty out.... no money though... so no bridges.
 

Alaskan

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Why all the job loss?

Alaska is discussing a huge budget cut. As in 200million less for the school system. Lots of schools in smaller towns will close, charter schools will close, all swimming pools will close, all sports will close, all extra curricular activities will close.... Also cuts to the hospitals, well... everything will be cut

The budget hasn't yet been finalized.

The problem is that Alaska had SO MUCH money for SO MANY years with the oil industry up here .. And being stupid idiot government they spent everything they got plus extra.... Now a HUGE amount of the oil industry has left Alaska... so revenue has dropped... and dropped hard... so now we are way over budget and have an insane number of state funded stuff, so also an insane number of state funded or partially state funded jobs... crazy number... And now ALL OF IT is going away.

Just insane.


Truly insane.


But they can't be thinking right... no way is it smart to do such huge drastic cutbacks so fast... they must not understand that if 20% of the state population leaves the state... their income will go down even more.


They even INCREASED the amount of money earmarked for state administration.

INCREASED the budget for them! And why? Besides insanity... so they could pay for the cut throat state budget fixer lady they hired. Yeah... they refused to tighten belts and reduce their income to pay for her.... they just increased the money their sector gets... while taking away a bunch of jobs.

Insane loonies.


Talking of loonies.... We already have had one person go on a loony shooting spree.... that will probably start happening way more often.

Take away people's ability to support their families... and yeah... some people just snap.
 

greybeard

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The problem is that Alaska had SO MUCH money for SO MANY years with the oil industry up here .. And being stupid idiot government they spent everything they got plus extra.... Now a HUGE amount of the oil industry has left Alaska... so revenue has dropped... and dropped hard... so now we are way over budget and have an insane number of state funded stuff, so also an insane number of state funded or partially state funded jobs... crazy number... And now ALL OF IT is going away.
No "rainy day" fund?
tsk tsk....

What is the Rainy Day Fund?
Since 1989, the State Constitution has required that a portion of oil and gas production taxes go into the Economic Stabilization Fund (ESF). Many states have a cash reserve, but Texas has the largest in the country. With a supermajority vote, the legislature can use the Fund as general revenue in the current or next budget cycle. The Texas Constitution also authorizes the Comptroller to make temporary transfers out of the Fund to make up for a General Revenue deficit.

How does money get into the Fund?
The Fund receives a transfer of at least one-half of 75 percent of the prior year’s oil and gas severance tax collections that exceed what each of those taxes generated in 1987. Starting with fiscal year 2015, the remainder of that 75 percent goes to the State Highway Fund. Before 2015 the Fund received all of the transfer.

The Fund balance is projected to reach $10.5 billion by the end of Fiscal 2018—a record high. Natural gas tax deposits were a major source of revenue for the Fund from 2002 to 2009; oil severance taxes were more important from 2013 to 2016. By the end of fiscal 2019, $11.2 billion will be available in the Fund.
 
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