Poli%cs, Percep%ons & Public Policy -or- Rhetoric and Reality in - - PowerPoint PPT Presentation

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Poli%cs, Percep%ons & Public Policy -or- Rhetoric and Reality in - - PowerPoint PPT Presentation

Feb 01, 2024 493 likes •861 views

Poli%cs, Percep%ons & Public Policy -or- Rhetoric and Reality in Solving Alaskas Fiscal Challenge Mike Navarre Kenai Peninsula Borough Mayor September 1, 2015 QUESTIONS TO PONDER Does Alaska Have a Budget Crisis? Is it an

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Poli%cs, Percep%ons & Public Policy

  • or-

Rhetoric and Reality in Solving Alaska’s Fiscal Challenge Mike Navarre Kenai Peninsula Borough Mayor September 1, 2015

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QUESTIONS TO PONDER…

  • Does Alaska Have a Budget Crisis?
  • Is it an Economic Crisis?
  • Has it Happened Before?
  • What’s Different this Time?
  • Can Our Poli%cians Save Us?
  • Can We Save Ourselves?
  • Are We Doomed?
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THE OPTIONS… Budget Cuts

Revenue Increases Permanent Funds Earnings

The Rhetoric: Live within our budget?

No new taxes? Cut the budget? No new taxes un%l we “feel the pain”? Don’t touch the Permanent Fund? Eliminate employees?

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THE IMPEDIMENTS…

Public Percep%ons Poli%cally Challenging Elec%on Year Rhetoric (mul%ple sources) Different Perspec%ves The “Blame” Game No Right Answer(s) No “Easy” Buaon

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“Interes(ng point taken is that we all have our own biases, experiences and philosophies that we bring into the debate. When mul(plied by the Governor and his staff, 60 members

  • f the legislature, recognizing that the every group consists
  • f vastly different intellectual levels affec(ng the capacity of

some to recognize the magnitude of the problem, then applied to the popula(on masses of Alaska, factoring in talk radio, poli(cal par(es, elec(on year dynamics, the media, right and leE wing splinter groups, lobbyists, special interests and a mul(tude of cons(tuencies for every item currently in the budget... the problem doesn't seem all that difficult.” Mike Navarre, KPB Mayor

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Funds from the State to KPB!

KPB FY2015 FY2016

  • Revenue Sharing

2,146,014 2,048,004

  • Debt Service

2,901,870 2,893,727

  • PERS Liability

9,532,675 1,200,000

  • Fisheries

852,358 750,000

  • Capital and Op. Grants 7,986,000

112,770 School District FY2015 FY2016

  • Founda%on Funding

79,159,764 79,262,094

  • PERS/TERS Liability 142,459,885

9,559,594

  • Transporta%on 8,092,216

8,071,440 TOTALS $253,130,782 $103,897,629

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A LOOK BACK IN HISTORY… September 14, 1999 Special Elec%on

  • QUESTION: Aker paying annual dividends to residents and

infla%on-proofing the permanent fund, should a por%on of permanent fund investment earnings bus used to help balance the state budget?

  • RESULTS:

Yes 30,994 16.75% No 153,996 83.25%

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A LOOK BACK IN HISTORY

  • 1971

Cook Inlet Produc%on Peaks

  • 1968

Prudhoe Bay Discovery Announced

  • 1969

North Slope Lease Sale Nets $900 m

  • 1974-77 TAPS Construc%on
  • 1977

NS Oil Produc%on Begins

  • 1980

Alaska State Income Tax Repealed

  • 1986

Oil Price Plummets from $26 to $9 / barrel

  • 1988

Alaska NS Oil Produc%on Peaks (Jan 14)

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WHAT’S DIFFERENT? WHY CAN’T WE WAIT TO SEE IF OIL PRICES GO UP? AkLNG? SHELL OFFSHORE?

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