Alaska Governor Warns State’s Fiscal Situation “Critical” As Oil Price Drops
by Tyler Durden
ZeroHedge.com
12/30/2014
Narrative, we have a problem. What is billed day after day as ‘unequivocally good’ is entirely not good for Alaska (oh and Texas and Pennsylvania and…) as with oil prices dropping, AP reports Alaska Gov. Bill Walker has halted new spending on six high-profile projects, pending further review. With oil taxes and royalties expected to represent nearly 90% of Alaska’s unrestricted general fund revenue this year, officials warned, “the state’s fiscal situation demands a critical look.”
The Rest…HERE
