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ConocoPhillips Message Board

  • stakeholder_9999 stakeholder_9999 Apr 6, 2013 11:42 AM Flag

    Way to go LIGHTBULB!!!!

    The gas line and oil tax two bills unfolded a day before the Alaska Revenue Department is expected to issue its spring revenue forecast — a possible bit of bad news Friday that tax receipts from North Slope oil production are not as high as expected. Some 90 percent of general fund tax revenue derives from oil through the trans-Alaska pipeline.

    A fiscal summary issued Wednesday by the Legislative Finance Division, the Legislature’s budget trackers, showed that under Senate Bill 21 as passed by the Senate — before the Alaska House Resources cut taxes even further — the 2014 capital and operations budget would leave the state with about a $763 million deficit. If Senate Bill 21 didn’t pass, the summary said, the state would have a surplus of between $10.4 million and $15.6 million under the budgets being considered in the House and Senate.

33.58-0.85(-2.47%)Feb 9 4:01 PMEST