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Goldsmith, Oliver Scott – ISER Fiscal Policy Papers, 1989
Alaska faces a problem that is easy to explain but hard to solve: state government is spending more than it collects. The budget crisis looms because oil production, which supplies 85% of the state's general fund revenues, will soon begin to fall as the Prudhoe Bay oil field is depleted. This paper examines the potential deficit and the effect it…
Descriptors: Economic Change, Economic Factors, Economic Research, Financial Needs