Alaska

The Internal Revenue Service has dropped its audit of Alaska student loan bonds after concluding there were no tax violations warranting any change to the tax-exempt status of the bonds.

Alaska Gov. Bill Walker used Thursday night’s State of the State address to make a forceful call for immediate fiscal reforms and new revenue

A continuing decline in oil prices will strain the budgets of five producing states to varying degrees, according to Standard & Poor's.

Standard & Poor’s downgraded Alaska Tuesday, to AA-plus from AAA, citing persistent low oil prices that have reduced the state government’s revenues.

Alaska Gov. Bill Walker’s proposed budget would retool the state’s oil and gas tax credit system, cut hundreds of millions of spending, and impose an income tax.

Alaska has signed and made public agreements with two major gas companies that will allow a major pipeline project to move forward even if the private firms decide to drop out of it.

Alaska Gov. Bill Walker announced late last week that Alaska has acquired land it needed for a major pipeline project and signed an agreement with British Columbia that could also strengthen the state's economy.

Alaska Gov. Bill Walker has announced two new appointments to the Alaska Gasline Development Corporation Board of Directors, the group responsible for overseeing the agency's efforts to build a natural gas pipeline the governor says is critical to Alaska's financial future.

Some Alaska officials, facing persistent low oil prices that could threaten the state’s triple-A rating, say it needs to change the way it does business, which may include new taxes and changes to the way it handles its large financial reserves.

The Alaska legislature has passed legislation appropriating almost $150 million for a gas pipeline project that Alaska Gov. Bill Walker has said will be key to closing the state's $3.5 billion budget deficit gap.