Between the time we filed to run for office and the day we were sworn in, oil prices dropped in half, taking with it most of our state’s revenue.
We believe every challenge is an opportunity. With that in mind, and based on feedback from thousands of Alaskans – through our budget survey, sustainable future conversations, and meetings around the state – we’ve developed the New Sustainable Alaska Plan.
Alaska has great strengths. We have vast untapped natural resources. We have prodigious savings. The U.S. Chamber of Commerce Foundation recently ranked Alaska second in the nation for business climate. Our individual tax burden is lowest in the nation.
We have the tools to solve our budget challenge and create a bright future. This is only a crisis if we fail to act.
When we come to work each day, we are motivated by appreciation for all this state has given us and our families, and by our fervent wish that our grandchildren and yours will have the same opportunities in this beautiful, God-given state we call home.
With warm regards,
Governor Bill Walker