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Cuts to education holding Alaska back

Posted: February 27, 2014 - 8:41pm  |  Updated: February 28, 2014 - 9:43am

We can’t move education forward with the Governor’s four-year string of teacher and educator cuts. He and his party cut schools last year, he’s proposing cutting 200-300 more next year, and we’ve lost over 600 since 2011. That’s blurry vision on education. It flows from an oil giveaway that puts the state into annual $1-$2 billion deficits as far as the eye can see.

Last April paid Administration “experts” downplayed that Parnell’s giveaway would “only” cost over $1 billion in annual lost revenue by 2017. The truth is that the loss will likely be more than $2 billion/year.

Want more about what those slick oil company ads aren’t telling you?

The State admits under Parnell’s new oil law that production spiral downwards 45 percent, from 510,000 barrels/day today to 269,000 barrels in 2024.

The damaging education cuts should be reversed, as Democrats propose. And the oil giveaway, which tosses away billions even if companies invest Alaska’s tax breaks in foreign countries, should be scrapped for smart reform that requires Alaska investment.

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David Nees
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David Nees 03/02/14 - 12:55 am
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reversed?

It would leave less money for education. Especially if oil prices stay less than $100 a barrel.
The fact is ed spending in the Formula is up 22% according to leg finance. (2007-2013)
Out of formula spending, not related to pts/yrs was $125 million last year alone.
Democrats want to inflationproof BSA cost $100 million this year alone.
Both of these rates are unsustainable. If the formula spending follows the Trent it will double every 30 years. Beating the PFD rate of return. Just stop spending above your means or are you determined to destroy those Kindergarten ers future?

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