To the Patriotic Men and Women of Homer, Alaska:
The State of the City and why we need to advocate against State budget cost shifting and for agreeing on a revenue plan:
In Alaska we are faced with both a low value of oil as well as a low amount of oil coming through the line. The constitutional budget reserve will be completely depleted in FY 18. After that, Alaska’s current revenue structure will produce approximately $1.5 billion in unrestricted general funds (UGF), assuming oil price returns to $55 per barrel.