Alaska Voters Reject Higher Taxes on Oil Companies

Alaskans agreed, but not by much, with Gov. Sean Parnell and not former Gov. Sarah Palin that oil companies needed to pay less taxes if they are to boost oil production. Voters rejected a tax referendum that was on Tuesday's ballot to repeal SB 21.

2 minute read

August 25, 2014, 9:00 AM PDT

By Irvin Dawid

"With all 441 precincts reporting late Wednesday (August 20), a ballot measure to repeal the tax credit legislation was trailing by 6,880 votes. An estimated 14,000 absentee ballots are still to be counted in the days ahead, but supporters and opponents of the legislation said that the referendum had been decided," writes Fox News (with contributions from The Associated Press.)

The tax credit legislation, Senate Bill 21, or the More Alaska Production Act, was initiated by Gov. Sean Parnell to reduce taxes paid by oil companies in the belief that it would spur oil production, and thus the financial and economic benefits, including more jobs, that accommodate increased drilling activity. Citizens gathered signatures to restore the higher taxes on the oil industry after SB 21 was signed by Parnell in June, 2013.

As detailed last week in "America's Energy Bust", oil production has been declining in The Last Frontier State since 1988, and former Governor Sarah Palin's legislation to increase taxes on energy companies in 2007 didn't help matters. She campaigned in support of Ballot Measure 1 (see Sarah Palin channel and New York Times).

On "Wednesday afternoon, Vic Fischer, co-chair of Vote Yes! Repeal the Giveaway, said his side had lost the election but not the larger battle," writes Alex DeMarban of The Alaska Dispatch News.

Now that the majority of voters bought Parnell's argument, the governor "says it’s now time for the oil industry to increase its investment in oil field projects that create jobs for Alaskans," DeMarban adds.

Friday, August 22, 2014 in FOX News

Green rapid transit bus pulled into station in dedicated lane.

Indiana Once Again Considering Ban on Dedicated Transit Lanes

The proposed legislation would impact the construction of planned IndyGo Blue Line, the third phase of the city’s bus rapid transit system.

February 25, 2024 - Fox 59

View of 110 freeway with downtown Los Angeles buildings in background.

LA Freeway Ramp ‘Quietly Canceled’

A 2018 lawsuit forced Metro and Caltrans to do full environmental reviews of the project, leading to its cancellation.

February 29, 2024 - Streetsblog LA

View from shore of Sepulveda Basin water catchment basin with marsh plants along shore.

LA’s ‘Spongy’ Infrastructure Captured Almost 9 Billion Gallons of Water

The city is turning away from stormwater management practices that shuttle water to the ocean, building infrastructure that collects and directs it underground instead.

February 25, 2024 - Wired

Grey concrete curb ramp with small bumps for the visually impaired.

Understanding Accessibility in the Public Right-of-Way

A ‘best practices’ manual guides accessibility on streets and sidewalks, but remains legally unenforceable.

9 minutes ago - Streetsblog USA

Aerial view of mid-density neighborhod in Newark, New Jersey.

Newark Kicks Off $1 Home Sale Program

The city sold seven properties as part of an effort to revive blighted sites and encourage housing production.

1 hour ago - Smart Cities Dive

Blue and white Pittsburgh bike share bikes lined up at a station with a red city bus on street in background.

Micromobility Operators Call for Better Links to Transit

For shared mobility to succeed, systems must tap into the connectivity and funding potential offered by closer collaboration with public transit.

March 4 - GovTech

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.