Measuring the price of oil per barrel against daily production, the state can calculate what amount of revenue it can earn from the royalties. Despite projections that oil prices will gradually rise back to their pre-crash levels, declining production levels are also expected, meaning less bang for Alaska's petrodollars in the long term.
The Wrangell Assembly will be holding a workshop with its state representative Tuesday, ahead of its regularly scheduled meeting. Set for 6 p.m., Rep. Dan Ortiz (Unaffiliated – District 36) plans to present thoughts on the budget and fiscal plan put forward by Gov. Bill Walker last month, which will be making the Legislature's agenda when it convenes for its next session on January 16.
"I just want to give the opportunity for the Assembly to give me some input with regards to what they would like to see happen in this upcoming legislative session, both with the operating budget and the capital...
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