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…

This newsletter discusses factors that shape federal education funding policies. It examines the size of the federal deficit and its progress, as well as the factors affecting the resources available for education. The 1993 interest on the federal debt is projected to be $314 billion and payments such as these have held down funding for student…

Providing a basis to help Alaskans determine future spending levels and priorities, this report traces how the state spent more than $26 billion in general funds from fiscal years 1981 through 1986 before oil prices crashed and brought state revenues tumbling down with them. Figures indicate that cumulative general fund expenditures over the…