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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Alaska needs new revenue

Posted on 21 January 2014

A newly released analysis says options like large cuts in capital budgets, imposing state sales or income taxes, or cutting Permanent Fund dividends may not eliminate future deficits.
In its overview of Gov. Sean Parnell’s budget plan, the Legislative Finance Division says current spending levels are unsustainable without additional revenue, and simply restraining spending growth is insufficient………………………………………..Full Article: Source


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