Walker: Bright revenue outlook a blessing that Alaska must manage wisely

‘While the global events that led us here are incredibly tragic, we are fortunate to have a budget surplus this year’

ANCHORAGE – Today, Bill Walker released the following statement on the State of Alaska’s updated revenue forecast:

“Alaska’s short-term revenue outlook is bright for the first time in a decade. While the global events that led us here are incredibly tragic, we are fortunate to have the ability to provide a healthy dividend, a one-time energy relief check to help Alaskans confront high gas prices, and to pay for teachers and troopers, park facilities, roads, Pioneer Homes, and every other essential service the state provides. I thank the legislators who are committed to spending this windfall wisely and recognize that we need to begin replenishing the $27 billion in savings we have spent down since deficit spending began in 2013.

While the revenue picture looks good today, we need to follow the example of the leaders who created the Permanent Fund and save while we can. We should also prioritize investments that will rebuild Alaska’s economy and pass legislation that will make it so our schools are not forced to make cuts because of inflation again this year.”