Alaska and three of its municipalities could be in line for an extra $60 million in oil industry tax revenue after a new ruling in a long-running feud over the value of the trans-Alaska pipeline system. A state appeals board this week determined the property tax value of the enormous 50-year-old pipeline system, which moves […]

The Alaska Legislature on Thursday opened a 30-day special session on a proposal to cut taxes on the proposed trans-Alaska natural gas pipeline in order to encourage its construction. Gov. Mike Dunleavy called the session, but one of the first challenges facing him and other tax-cut proponents is convincing skeptical legislators that a tax break […]

The state of Alaska may soon offer managed retirement accounts to businesses in the state that don’t already offer a retirement plan. By a 31-9 vote on Monday, the Alaska House of Representatives approved Senate Bill 21, the “Alaska Work and Save” program sponsored by Sen. Bill Wielechowski, D-Anchorage. The Senate, which approved a prior […]

Is the value of the trans-Alaska pipeline system $2.8 billion, or $10.3 billion? Or is it $20 billion? This week, a state review board will hold a formal hearing to determine which figure is the right one — with major financial implications for state government and the three municipalities along the pipeline system’s route. At stake […]

The U.S.-Israeli war against Iran has left oil markets more uncertain than they were during the Great Recession, a state expert told the Alaska Legislature on Monday. In a pair of hearings, Alaska Department of Revenue economist Dan Stickel told state legislators that the volatility of global oil markets is the second-highest on record, leaving […]

The Alaska Department of Revenue is predicting that the Iran war will cause high oil prices for most of 2026, it said in a revised forecast published Friday. Oil is no longer the No. 1 source of general-purpose state revenue in Alaska, but the higher wartime prices are expected to bring hundreds of millions of […]