By now, most of you know we have a budget challenge: Over the past two years, Alaska’s oil revenue has plummeted by 88 percent, mainly due to a sharp drop in oil prices.
We’ve cut the budget from $8 billion in 2012 to $4.8 billion. Despite these reductions, our deficit amounts to more than half our annual budget.
On Nov. 8, 1955, Bob Bartlett addressed the Alaska Constitutional Convention in a speech titled, “Meeting the Challenge.” In asking the delegates to set aside their partisan concerns, he recognized the divergent interests and backgrounds that had assembled for the great task.
Bartlett aptly stated: “Here, in this element of compromise, is the very essence of the democratic process.”