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    Safe Landing: Charting a Flight Path Through the Clouds

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    Author
    Goldsmith, Scott
    Keyword
    strategy
    windfalls
    Permanent Fund earnings
    economic development
    taxes
    Metadata
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    URI
    http://hdl.handle.net/11122/12499
    Abstract
    Everybody’s got an idea about where to find the roughly $1 billion we’ll need to balance the state budget every year from now on. It’s hard to evaluate these proposals, because the budget is complicated—and it’s hard to imagine how much $1 billion really is. This paper looks first at why some popular ideas can’t raise $1 billion a year, although they can certainly help. Then, in the foldout, we try to help Alaskans see through the clouds obscuring the “Safe Landing” strategy, which we first talked about in 1992. This strategy says that dealing with such a big deficit requires using a combination (and there are a number of possible combinations) of budget cuts, windfalls, Permanent Fund earnings, new taxes, and economic development.
    Date
    1999
    Publisher
    Institute of Social and Economic Research, University of Alaska.
    Type
    Report
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