State Fiscal Plan Tallies a $427 Million Deficit for Next Year

first_imgShe says Walker’s plan for a balanced budget is still a few years away since the proposal of a state income tax would not begin until January 2017. Alaska budget director Pat Pitney says the fiscal summary released on December 9 had a mistake: it showed oil production tax revenue and royalties going into the general fund, which looked like revenue for state spending. Pitney says that money will instead go into a reserve account. The governor’s plan is complicated and involves draws from Alaska’s savings. FacebookTwitterEmailPrintFriendly分享Despite the seven tax proposals in Governor Bill Walker’s state fiscal plan, the proposed budget shows an approximately $427 million deficit for next year. That’s a significant difference than the half-billion dollar surplus he presented to Alaska last week.last_img

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