Amid rising budget shortfalls and falling oil prices in Alaska, Standard&Poors released its credit rating for the state of Alaska, lowering the state’s credit rating from AAA down to AA+ on Tuesday. In the report, the CFA of Standard&Poors, Gabriel Petek, said that the ratings actions reflect their view of the state’s credit quality as, […]
January 5, 2016 ANCHORAGE—Governor Bill Walker today ordered restrictions on executive branch travel and hiring as part of the administration’s ongoing efforts to reduce state spending. This action formalizes what many state departments and agencies have already informally begun to do. Travel and hiring considered essential to protect the life, health and safety of Alaskans […]
ANCHORAGE – Governor Bill Walker released the FY2017 (July 1, 2016 – June 30, 2017) appropriation and revenue bills Tuesday as part of the Walker-Mallott Administration’s New Sustainable Alaska Plan. Rolled out last week in Anchorage, the plan addresses the state’s $3.5 billion budget deficit using a combination of spending cuts, new revenue, wealth management […]
(JUNEAU, Alaska) – The Alaska Department of Transportation and Public Facilities, Alaska Marine Highway System (AMHS), is inviting Alaskans to participate in six community engagement meetings scheduled across coastal Alaska. The goal of the public meetings is to lead a constructive dialogue around the fiscal challenges that face AMHS. All state agencies are working with […]