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Current News

Current News

June 24, 2019: Indications are that Gov. Mike Dunleavy will make budget vetoes by June 28 – the end of this week. Legally he must do the vetoes by July 6 to HB 39, the operating budget, but we hear Dunleavy wants them done as soon as possible. The big guessing game is what, and how much, the governor will veto. He has “line-item” veto power, which mean be can delete, or reduce, any specific appropriation. He cannot add spending,…

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Check out our private and confidential reports

Check out our private and confidential reports

We preview upcoming private and confidential reports. Contact us for information on our weekly Alaska Legislative Digest and biweekly Alaska Economic Report. Past 2018 content for the Alaska Economic Report is listed below by date published.

Economic Report 19-2018

Economic Report 19-2018

Dec. 10, 2018 In this Issue: NPR-A oil production will hit state budget by $250 million/year Mechanical contractors, others busy in Southcentral:Earthquake refocuses attention on building standards Energy:Juneau’s AEL&P to remain U.S.Delay for Tacoma LNG fueling Health Care:Payment problems for nonprofits Infrastructure:Emmonak dock to be completed Telecom:New satellite contract is signed Politics:New Gov. Dunleavy fills out his leadership teamFeige at Natural Resources; MacKinnon at DOTPF; Tangeman at Revenue Quick at Administration, Crum at H&SS; Brune at Environmental ConservationClarkson is AG; Price…

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Economic Report 18-2018

Economic Report 18-2018

Nov. 26, 2018 In this Issue: PoliticsWelcome, Governor-elect DunleavyOil prices, production both decline; could PFD plan imperil budget?Dunleavy set to take over; cliffhangers on House, Senate organizationWhat business is telling Gov.-elect Dunleavy Tourism, from Scott Habberstad (Alaska Airlines)Minerals groups, from Karen Matthias (Alaska Producers Council)Timber, from Owen Graham (Alaska Forest Association)Fisheries, from Ricky Gease (Kenai River Sportsfishing Association)Oil and gas, from Karen Moriarty (Alaska Oil and Gas Association) Health Care:80th-percentile rule changeACA enrollment expected upAlaska care is most costly Energy:Low…

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Economic Report 17-2018

Economic Report 17-2018

Oct. 29, 2018 In this Issue: Governor’s race – stakes are high: Republican Dunleavy said to have edge Broadband consumer costs in rural Alaska could be cut: Plan for new Alaska telecom satellite; contracts near Permanent Fund dividends hit the streets: $940 million roll into bank accounts; cash registers jingle Timber:Mat-Su timber project on hold; China flap is blamed Economy:Here are the numbers for Alaskans’ annual fall rite: Moose hunting Transportation:Maersk finished Arctic test runRavn owners buy PenAirCoal exports from Adak?…

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Economic Report 16-2018

Economic Report 16-2018

Oct. 19, 2018 In this Special Issue: Riding Higher Oil Prices and POMV; Alaska’s Finances Look Up Caution raised, however, on new use of Permanent Fund earnings With some luck – and higher oil prices – Alaska’s budget deficit may be significantly smaller than forecast this year. The state could even see a balanced budget. 

Economic Report 15-2018

Economic Report 15-2018

Sept. 24, 2018 In this Issue: Permanent Fund contribution to state budget will increase Health Care:Opposition stirs to proposed state health authority Transportation:Fuel shipments by sea to slopeShort reroute on Dalton Highway Energy:More LNG storage in FairbanksPrivate solar project in Mat-SuGVEA’s Healy 2 coal plant on line Politics: Three-way governor’s race unpredictableIs Walker being squeezed between Begich, Dunleavy?Begich swings left, endorses salmon initiativeWalker runs on record of addressing state’s fiscal challenge Petroleum:Latest Nenana Basin well is dryCaelus tight on Smith…

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Minerals

Minerals

Walker okays Ambler Road funds In the closing days of his term Gov. Bill Walker approved $3.6 million in state funds to complete federal regulatory work on the Ambler Mining District Access Project, a 211-mile industrial road that would support copper and zinc projects in the western Brooks Range. Trilogy Metals and its partner, South 32 Ltd., an Australian company, are planning development of Arctic, a high-grade deposit, and are in advanced exploration of Bornite, a large copper deposit in…

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Fisheries

Fisheries

Salmon decline linked to warming 2019 is expected to be another poor year for pink salmon in Southeast and Southcentral coastal areas and the Bristol Bay sockeye catch is predicted to be down, although 2017 and 2016 were both record-setting years. The Southeast pink harvest is pegged at 18 million fish, or half the 10-year average of 36 million, according to the state Department of Fish and Game’s annual forecast for the upcoming season. State biologists say warm waters in…

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Petroleum

Petroleum

$28.1 million bid for slope leases The state received $28.1 million in bonus bids in its Nov. 15 North Slope and Beaufort Sea “areawide” lease sales, the bulk of the money from Repsol and a newly-formed company based in Louisiana, Lagniappe. Repsol bid top-dollar for selected unleased tracts near the Pikka discovery, in the west-central central slope, where the Spain-based company is 49 percent owner. Lagniappe bid mostly near the state’s minimum per-acre bid but picked up a large 195,200-acre…

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General Business

General Business

New Gov. Mike Dunleavy supports university getting its lands New Gov. Mike Dunleavy told the Fairbanks News-Miner’ editorial board that he favors getting more state land available to the University of Alaska to generate revenue. The UA is a land-grant college that was supposed to get a substantial land endowment, which did not happen. Efforts to get more land to the university have been fought by environmental groups who worry that the UA will move to develop them. Credit Union…

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Politics

Politics

New Gov. Dunleavy fills out his leadership team Gov. Mike Dunleavy has named his new leadership team, most with  a strong conservative focus but also naming an unusual number of women to cabinet positions. Donna Arduin was appointed Nov. 26 as budget director, heading the Office of Management and Budget. Arduin is well-known in national conservative circles and has advised several Republican governors.   Feige at Natural Resources; MacKinnon at DOTPF; Tangeman at Revenue Dunleavy appointed Corri Feige as Commissioner…

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