Browsed by
Category: Stand-alone

Economic Report 1-19

Economic Report 1-19

Jan. 31, 2019 In this Issue: New progress for big Donlin Gold project Companies commit to new work, $322 million bond Dunleavy dividends: $2.4 billion yearly to economy? Transportation New Arctic port, route study Bypass mail test program is off New ferry in service in May Infrastructure Money to complete Nenana bridge Mat-Su’s rail project still pending Governor wants producers back in Alaska LNG Project Legislature convenes in Juneau, but House still not organized Business Intelligence Anchorage feels sticker shock…

Read More Read More

Telecom

Telecom

High-speed internet in Nome Nome is now getting high-speed internet through Quintillion Inc.’s fiber-optic undersea cable. The cable was completed in October, 2017 but service has just started. Local telecom provider TeleAlaska is delivering internet locally under an agreement with Quintillion. The service will triple the speed at which data can be downloaded at prices competitive with what consumers are paying now. Plans for service range between $179 per month to $329 per month. GCI now offers service through its…

Read More Read More

Tourism

Tourism

Petersburg debates cruise tours Pro-tourism Petersburg residents shouted down the town’s mayor, Mark Jensen, over a letter Jensen proposed to Viking Cruise Lines asking the compa- ny to delay a plan for cruise vessel stops, saying the Southeast fishing town “isn’t ready” for large-scale tourism. Local people objected, saying they want the economic benefits. Viking officials visited Petersburg in August, looking for vessel stops for the 2020 sum- mer season. Petersburg had 8,850 visitors this year. Nearby Wrangell, in contrast,…

Read More Read More

Infrastructure

Infrastructure

<b>Cruise tax decision a dilemma</b> U.S. District Court Judge Russel Holland’s decision on litigation over cruise passenger fees levied by coastal municipalities has created a dilemma for those communities. The decision, on a case brought against the City and Borough of Juneau by the Cruise Lines International Association, was not unexpected. Holland ruled that Juneau’s use of the cruise tax revenue to build tourism enhancements was illegal. The ruling was narrow, however, find- ing that expenditures of the revenues could…

Read More Read More

Current News

Current News

June 30, 2019: As many expected, Gov. Mike Dunleavy took an axe to the state budget with his line-item vetoes announced Friday, June 28. The governor slashed $370.5 million in state general fund expenditures, which when added to $280 million in cuts made by the Legislature this spring, brings a total reduction for the Fiscal 2020 budget to approximately $678 million. Within that, the biggest cut was $130.2 million for the University of Alaska, which UAA president Jim Johnsen said…

Read More Read More

Infrastructure

Infrastructure

Ketchikan cruise dock expansion Ketchikan starts construction in October on a corrosion protection project as part of its cruise ship dock expansion. Berths 1 and 2 are being rebuilt to accommodate the new super-sized cruise ships coming to Southeast Alaska. The docks are to be done in time for the 2020 summer tourism season.   Wrangell harbor: Wrangell let a contract to Tamico RnR JV for a $8.3 million harbor renovation. PND Engineers received a $731,328 contract to provide engineering…

Read More Read More

Prices, projects: Things looking up a little in Alaska’s oilpatch

Prices, projects: Things looking up a little in Alaska’s oilpatch

Things are looking a little brighter in Alaska’s oilpatch? Job numbers have not yet ticked up and in fact they’re still slipping, though modestly now, after big cuts made in 2016 and 2017 as producing companies adjusted to the world of lower prices. But prices are rising, after a long slump. Even during the slump a number of new projects were being worked on and the brighter price outlook should cause some companies to push the green button on their…

Read More Read More

What a contrast! Legislators orderly, civil as they close 2018 session

What a contrast! Legislators orderly, civil as they close 2018 session

Was this a virus whipping through the state capitol in Juneau? As the Legislature shut down last Saturday, May 12, odd things happened: There was civility, cooperation, bipartisanship, and good feelings. “The House and Senate and both (Democrat and Republican) caucuses really came together this year,” House Speaker Bryce Edgmon said as the session ended. Things were much different than last year, when the House and Senate, Republicans and Democrats, were all at each others’ throats. There were extended special…

Read More Read More

POMV deal is done – stage being set for ending session

POMV deal is done – stage being set for ending session

At the end, it happened fast. The conference committee on SB 26 convened at 9 a.m. May 8, voted and sent the bill out eight minutes later. A few hours later both the House and Senate ratified the conference committee report, sending SB 26 on to the governor. After a year of agony and sniping over the proposal to use some of the Permanent Fund earnings for the budget the quick resolution seemed anticlimactic. But that’s the way these things…

Read More Read More

Are they close to a deal on fiscal gap?

Are they close to a deal on fiscal gap?

There seems to be a deal coming together on SB 26, the bill that sets a percent-of-market-draw,
or POMV, in statue as a rule for using Permanent Fund earnings to support the state budget. This is the remaining big issue of the 2018 session and if an agreement is made in the next couple of days a rush to adjournment could begin. An adjournment push should happen even if the deal does not come together, too. Word has been circulating in…

Read More Read More