Fish Factor: Fishing communities should expect lower tax revenues due to toppled markets due to COVID and low salmon returns
November 19, 2020
Tamped down prices due to toppled markets caused by the Covid virus combined with low salmon returns to many Alaska regions added up to reduced paychecks for fishermen and will mean lower tax revenues for fishing communities.
A summary of the preliminary harvests and values by the Alaska Dept. of Fish and Game shows that Alaska’s total 2020 salmon catch came in at just under 117 million fish, a 44% decrease from last season’s haul of 208.3 million fish, and the 13th lowest on record.
The statewide salmon value of $295.2 million is a whopping 56% decrease from 2019’s $673.4 million, a...