Sign Our Letter

 

You can help secure a stable financial future for Alaska by joining these individuals, organizations and businesses by signing onto the following letter to State of Alaska elected officials:


To Governor Bill Walker and the Alaska Legislature:

The undersigned business, civic and trade associations representing hundreds of Alaska companies and organizations, and tens of thousands of hardworking Alaskans, encourage the Governor to work closely with the Alaska Legislature to address the State of Alaska’s unsustainable spending and to secure a stable financial future for Alaska.

We support the State achieving fiscal and economic stability by reducing spending to an affordable level on a sustainable basis. Uncertainty of the State’s financial future harms Alaska families and businesses.

The first priority is reducing spending; the second step is financing stability by combining revenues with investment earnings to fund essent ial responsibilities of government, as defined by the constitution. If revenues are still insufficient after these steps, the last option should be taxes on working Alaskans and the businesses that underpin Alaska’s economy.

We support efforts to:

 

1. Reduce the State’s operating budget to a sustainable level by:

 

a.  Prioritizing government services as defined by the constitution; 
b.  Reviewing all formula-driven programs for cost effectiveness; 
c.  Eliminating services that are not a function of government; 
d.  Vigorously pursuing efficiencies to ensure continued delivery of essential services,

             which may include privatization or other methods to deliver services; and

2.  Create an endowment model or similar framework to use Permanent Fund earnings

      to support essential services, which may include a cap on the individual dividend;

      and

 

3.  As a last resort, explore new broad-based taxes on working Alaskans and, if

     necessary, businesses.

 

We believe the first step to a sound fiscal future for Alaska comes in reducing the operating budget to a sustainable level. State services must be prioritized; efficiencies must be pursued in delivering those services; and services that aren’t a function of government must be eliminated.

Budget policy should focus on reducing spending to a sustainable level. In January two polls were conducted embracing the concept of a reduced State budget. In a statewide poll conducted in January 2015 by Dittman Research of 800 Alaska voters, 57% of Alaskans said the State should live within its means. In a interactive poll of business leaders attending Meet Alaska in January 2015, 70% supported deep cuts to the existing State budget as the first step in reaching a sustainable budget.

To secure a stable financial future for Alaskans, the State must align its spending to a level that residents can afford. This will require a multiyear series of annual reductions in the operating budget.

Although it may not be possible to correct the entire deficit through budget cuts alone, forgoing additional opportunities to reduce spending to a sustainable level is not an option. Furthermore, delaying the cuts will only make them more difficult in the future.

We believe the second step to securing Alaska’s fiscal future is leveraging the State’s financial assets to support essential services, and if necessary, cap the dividend. More than $60 billion in financial assets currently generate more income than the State receives from oil production. Governor Jay Hammond’s vision for the Permanent Fund at its inception included the eventual use of its earnings to help pay for essential government services. Those earnings, which may include a cap on the dividend, must be part of a long-term, sustainable solution.

Only as a last resort do we believe it appropriate to explore new broad-based taxes on Alaskans and, if necessary, businesses. Businesses will not invest in an undisciplined state that continually returns to taxation as an answer for its unsustainable spending. Working Alaskans will be unwilling to accept individual taxation without confidence that the State is only funding appropriate, efficient services. Taxes on Alaskans and Alaska’s businesses should only be pursued when this is demonstrated.

The fiscal challenges currently facing the State are not new and the tools available to address the problems are well-defined. However, without taking the appropriate steps the State’s fiscal challenge will negatively impact Alaska’s economic health. In addition, uncertainty regarding Alaska’s business climate will discourage private investment in the state.

Each of the steps outlined above encompasses a multitude of variations. In securing the State’s fiscal future by following these steps, you will send a clear message to all that Alaska welcomes investment.

We believe this is the right thing to do and we are committed to supporting a responsible, committed effort to secure Alaska’s fiscal and economic future.

Company/Organization*
First Name*
Last Name*
Title*
Email*
 
 

Joan Massart-Paden
Advertising Strategies, LLC
Rachael Petro
Alaska Chamber
Michael Ferris
Alaska Enterprise Solutions
Deantha Crockett
Alaska Miners Association
Cari-Ann Ketterling
Alaska Process Industries Careers Consortium
Rebecca Logan
Alaska Support Industry Alliance
Aves Thompson
Alaska Trucking Association
Cari-Ann Ketterling
APICC
Amy Nibert
Associated Builders and Contractors of Alaska
John MacKinnon
Associated General Contractors of Alaska
Steven Borell
Borell Consulting Services LLC
Ken Bauer
Building Owners and Managers Association – Anchorage
Anne Senaca
Consumer Energy Alliance Alaska
Mike Satre
Council of Alaska Producers
Reed Christensen
Dowland-Bach Corp
John Engholm
Doyon Universal Services
Alyssa Lamoureux
Doyon Universal Services
Corey Parrent
Doyon Universal Services
Diane Foster
Doyon Universal Services LLC
Paula Easley
Easley Associates
Richard Button
EEIS Consulting Engineers, Inc.
Stephen Grabacki
FISHEYE Consulting
Michael Miller
Granite Construction Company
Chelsea Goucher
Greater Ketchikan Chamber of Commerce
Judy Patrick
Judy Patrick Photography
Crystal Nygard
Mat Su Business Alliance, Inc.
W. Paul Nielsen III
NRC Alaska LLC
Blake Hillis
NRC Alaska LLC
John V. O’Shea
Pacific Seafood Processors Association
John Shively
Pebble Limited Partnership
Michael Gonzalez
Personal
Scott Hawkins
ProsperityAlaska.org
Glenn Reed
PSPA
Tim Musgrove
Rain for Rent
Marleanna Hall
Resource Development Council for Alaska
Jane Katkus
Retired
Patricia Jones
retired
Michael Jesperson
Self
Anne Seneca
Self
Allen Hippler
Self
Keith Silver
Self
Linda Hay
Self
Glen Biegel
Talk Show Host KOAN and KVNT
Cheryl Cummings
The Closet Divas - Professional Organizers
Carol Fraser
The Lakefront Anchorage Hotel
Renee Schofield
TSS, Inc.
James Udelhoven
Udelhoven Oilfield System Services, Inc.
Paul McIntosh
Unaffiliated
James Doyle
Weaver Bros., Inc. - Anchorage
Kelly Hanson
Western Peterbilt of Alaska
Greg Galik
World Trade Center Alaska