Data and graph projections from the state's New Sustainable Alaska Plan website
Existing Revenue $850 million Alaska Permanent Fund Protection Act $3.2 billion Earnings on Other Savings $135 million Mining (2% increase on top tax bracket) $12 million Fishing (1% increased raw fish tax) $20 million Tourism (Elimination of municipal cruise head tax exemption) $15 million Motor Fuel (6.8 cent increase on jet fuel, 5.3 cent increase on general aviation; $45 million 5 cent increase on marine; 8 cent increase on highway) Alcohol (10 cent increase per drink) $40 million Tobacco ($1/pack increase, includes E-Cigs) $27 million Oil and Gas (Reduce amount spent on tax credits; harden floor & raise to 5%; $500 million add loan program) Individual Alaskans; Income Tax (1.5% of average income – 6% of fed liability) $200 million *It is important to note that other legislators have different plans and ideas regarding cuts and new revenues for the state. This article focuses on Governor Walker's plan because that's what was presented during the state budget presentation.
