Graduation Year
2017
Date of Submission
4-2017
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics-Accounting
Reader 1
Peter Bergevin
Rights Information
© 2017 Abigail B Spurlock
Abstract
Alaska’s state government has long relied on oil revenue as its primary source of funding. In recent years, however, a combination of decreasing oil production and low oil prices has drastically reduced how much revenue Alaska can obtain from taxing oil. As a result, Alaska currently faces severe budget deficits. In order to close this funding gap, there have been numerous proposals for new ways to generate revenue. This thesis analyzes the main proposals, with particular attention given to the role the permanent fund and the permanent fund dividend plays in Alaska’s current funding structure and its future. This thesis concludes by advocating that in the long-term it will be necessary to alter the way the permanent fund functions in order for Alaska to have a sustainable future.
Recommended Citation
Spurlock, Abigail Brooke, "Alaska’s Oil Crisis and the Future of the Permanent Fund" (2017). CMC Senior Theses. 1555.
https://scholarship.claremont.edu/cmc_theses/1555
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
