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Addictions: Sen. Sullivan champions the battle

Screen Shot 2016-07-28 at 3.45.25 PM ALASKA-SIZED PROBLEM WITH OPIOID ADDICTION

U.S. Senator Dan Sullivan was a champion for women when he was Alaska’s Attorney General, a solid supporter of the Choose Respect campaign against domestic violence.

He was a champion for resource development as Alaska’s commissioner of the Department of Natural Resources.

Now, as a U.S. senator, he’s joined the battle against opioid addiction. And what a battle it is. Alaska paces national trends in that heroin overdose deaths have continued to increase steadily every year since 2010 and are now ten-fold from 2010.

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As Sullivan tells it, last fall a group of Alaskans gathered in his office and told him their personal stories of addiction. As they spoke of the pain and suffering that opioids had caused in their lives and in their families, “there was not a dry eye in the room.”

Sullivan decided to take what action he could to help them and the thousands of other Alaskans who are enslaved by addiction. Next week, he will convene his first summit since taking office, and the focus is on Wellness — helping Alaskans conquer opioid and heroin addiction.

SPEAKERS INCLUDE SURGEON GENERAL

The conference is open to all — caretakers, medical professionals, family members, friends, neighbors, or those in recovery.

Surgeon General Vivek H. Murthy
Surgeon General Vivek H. Murthy

Sullivan is bringing in U.S. Department of Health and Human Services Deputy Secretary Mary Wakefield as the keynote speaker. 

The U.S. Surgeon General Dr. Vivek Murthy is also attending, as part of his tour of the nation to meet with doctors and talk about the role that opioid prescriptions are playing in the epidemic of addiction.

Dr. Jennifer Lee, Veterans Health Administration Deputy Undersecretary for Health Policy and Services, and Dr. Karen Drexler, VHA Acting National Mental Health Program Director for Addictive Disorders will bring the focus to veterans and their families.

“I am committed to focusing our time together at the summit to produce tangible solutions that the attending federal officials and I can take back to DC,” Sullivan said. 

DEATH BY THE NUMBERSScreen Shot 2016-07-26 at 9.36.45 AM

 In 2012, Alaska’s prescription opioid pain reliever overdose death rate was more than double the rate in the United States, while heroin deaths were more than 50 percent higher than the national rate.
Do conferences help? Not exactly. But government does have a role to play in public health, and this is one of the growing public health crises of our state, driving problems of violence, homelessness, and crime.
Tackle it through public health efforts, or Alaska will have to absorb the repurcussions through the criminal justice system. The Wellness Summit is the start we need with the leadership this problem deserves.

Governor’s travel ban? A closer look

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Lt. Gov. Byron Mallott, screen grab from YouTube.
Lt. Gov. Byron Mallott, (screen grab from YouTube).

TRAVEL BAN FOR THEE BUT NOT FOR ME

In January, Gov. Bill Walker’s administration set a hiring freeze and travel restrictions for state workers, because the state needs to tighten its belt. The Legislature had asked the governor to do that 12 months earlier, but it took a while for the crisis to sink in with the new governor.

Hiring for empty state jobs was banned except for those directly impacting life and safety. The exemptions were for state troopers, corrections officers, and some health care professionals.

All nonessential travel was barred, including all the trips to conferences that state workers have attended over the years.

None of this evidently applies to the Governor’s cabinet. Three representatives traveled to Barrow this week to attend the swearing-in ceremony for the new mayor, Harry Brower.
Attending from the administration were Lt. Gov. Byron Mallott, DNR Commissioner Andy Mack, and Fred Parody, deputy commissioner of the Department of Commerce, Community, and Economic Development.
The governor did not, however, send a representative down the hill to Juneau City Hall for the swearing-in of the new mayor of Juneau earlier this year. The shoe leather just could not be spared for the landslide victory of Ken Koelsch.
As for the hiring freeze aside, earlier this year, the Department of Corrections added Corey Allen-Young as a spokesperson, which the department has deemed essential to life and safety. He’s now moved over to the governor’s suites to fill in while Press Secretary Katie Marquette is on maternity leave. Gov. Walker also hired oil and gas expert John Hendrix, adding yet another six-figured salary to his cabinet during the hiring freeze.

WHAT ARE WE MISSING?

Here are the exact terms of the hiring and travel ban put in place by the governor’s chief of staff on Jan. 5:

In light of the State’s continued fiscal challenge, effective immediately, Governor Walker is commencing a hiring and travel restriction, applicable to all agencies under the Governor’s jurisdiction. The purpose of these restrictions is to reduce State spending without compromising efficiency and effectiveness of core service delivery. Restrictions are as follows:

Non-Essential Travel Restriction

All agencies are prohibited from incurring non-essential travel costs, including air travel, ground travel, lodging, parking, tolls and/or any other miscellaneous travel expenses. This prohibition is for both in-state and out-of-state travel. Examples of non-essential travel include:

  •   Travel to professional development or trade association conferences. Such travel is prohibited until further notice, unless required to obtain continuing education credits necessary to maintain required credentials that cannot be obtained in Alaska or online.
  •   Multiple employees traveling for the same purpose. Travel of more than one employee from the same operational section for the same purpose will be limited to the minimum necessary to accomplish the purpose of the travel.

    Essential travel not subject to this prohibition includes travel which is mission critical to the agency and inherent to the job (for example: auditors, inspectors, examiners, enforcement and collections agents). In addition, travel completely funded by third-party dollars is not prohibited.

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Any travel traditionally paid for by the State for non-State employees who are engaged in the furtherance of the State’s official business (for example: contractors and witnesses testifying on behalf of the State, etc.) may continue if it otherwise fits the mission critical criterion.

Reservations made prior to today should be cancelled, unless substantial additional costs would result from the cancellation beyond the standard cancellation fee.

All travel must be approved by employee’s Commissioner. This approval may not be delegated. All out-of-state travel will be approved by the Chief of Staff or his designee.

All State Boards and Commissions are asked to comply with the foregoing travel restrictions, including to the extent feasible limiting travel to one meeting per year and conducting other Board Meetings telephonically. If a Board or Commission determines that these restrictions will materially impact their ability to perform their core mission, they may seek a waiver from the Director of Boards and Commissions or his designee.

Hiring Restriction

A general restriction on hiring is effective immediately. This applies to all positions, including part-time, except those that are necessary to protect the life, health and safety of Alaskans. Departments may pursue a waiver due to extraordinary circumstances, as noted below.

A department commissioner may request a waiver to the hiring restriction if the Commissioner believes a position is mission critical and the position function cannot be achieved by reassignment or reprioritizing functions of other employees. Please make note that “mission critical” refers to core service functions, not administrative functions. A waiver may also be requested if a vacancy occurs as a result of poor employee performance. All hiring waivers must be approved by the Chief of Staff or his designee.

The hiring restriction does not apply to:

  •   Positions that are essential in protecting the life, health or safety of Alaska citizens. This includes Alaska State Troopers, corrections and probation officers, and employees that provide patient and resident services at 24-hour institutions;
  •   Revenue generating and revenue collections positions, such that the failure to hire would result in a net reduction in revenue.
  •   Positions fully paid other than by General Funds, such as federally funded programs or program receipts.

    Any written offers of employment already made as of today can continue to be honored. Recruitments currently on Workplace Alaska will be open through the stated closing date.

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However, a notice to all applicants will be posted on Workplace Alaska advising applicants of the hiring restrictions and stating that only positions necessary to protect the health and safety of Alaskans and to meet other essential state responsibilities will be filled. A currently posted recruitment will not be extended unless a waiver has been approved.

Agencies are not permitted to use new contractors or upon contract expiry, renew existing contractors unless they fall under one of the exemptions listed above and provide skill-sets not otherwise available by state employees.

Non-Executive State Agencies

The Governor is also requesting the State’s quasi-independent organizations to adopt similar travel restriction and hiring restriction policies, including:

  •   Alaska Commission on Postsecondary Education
  •   Alaska Energy Authority
  •   Alaska Gasline Development Corporation
  •   Alaska Housing Finance Corporation
  •   Alaska Industrial Development and Export Authority
  •   Alaska Mental Health Trust
  •   Alaska Oil and Gas Conservation Commission
  •   Alaska Public Offices Commission
  •   Alaska Railroad Corporation
  •   Alaska Seafood Marketing Institute
  •   Commercial Fisheries Entry Commission
  •   Permanent Fund Corporation
  •   Regulatory Commission of Alaska
  •   University of Alaska

Alaska Gasline corporation in retrograde

Relic: Image from wallyhickel.org of then Mayor Sarah Palin, Gov. Jay Hammond, Gov. Walter J. Hickel, and Sen. Rick Halford.
Photographic relic: Image from wallyhickel.org of then-Mayor Sarah Palin, Gov. Jay Hammond, Gov. Walter J. Hickel, and Sen. Rick Halford.

JOURNAL DETAILS WALKER’S PIPELINE HISTORY

An Alaska Journal of Commerce editorial this week has a devastating breakdown of how the Alaska Gasline Development Corporation has devolved into the old Alaska Gasline Port Authority.

And of that old relic, nothing good can result.

Within the span of 18 months, Gov. Bill Walker has deconstructed AGDC. It was a complete overthrow, methodically pursued month after month, until it was unrecognizable. No longer a partnership, it has become a state-run project. What can possibly go wrong?

Read here what may be the most important piece you read about Alaska government this year. In fact, cut it out and tape it to your refrigerator door because in it, there’s a good bit of prophecy.

The Alaska Gasline, AK LNG, is on the brink of joining other state-financed, state-run projects boondoggles that ran into monumental hurdles and met with spectacular failures, because government is just not very good at business. Government is not entrepreneurial. Government wastes money better Paris Hilton on Rodeo Drive.

In the 1970s, when the state was bathing in oodles of oil dollars, the State of Alaska launched the Delta Barley Project, (Delta 1 and Delta 2), as well as the Seward grain terminal and associated rail and port projects. It was a project that cost more than $200 million in today’s dollars and even involved a revolving loan fund. The project was a bust and became the poster child for misbegotten pipe dreams with too much money and too little sense.

The Seward Grain Terminal made Valdez jealous, so it built its own terminal at a cost of $30 million, according to this story by Amanda Coyne.

Projects such as the Alaska Seafood International fish processing facility, and the Alaska Petrochemical Company were added to the list of public investment gone south.

Whenever the State of Alaska has tried to take over projects that belong in the private sector, proponents are seduced by the idea that if they just pour more money into it, a project will become viable.

bill and security
Gov. Walker

On top of that, the AK-LNG project has, as its champion, a man who is fundamentally obsessed, a leader who believes he has far superior skills and analytical abilities than the average citizen or captains of industry.

Gov. Bill Walker intends to spend the amount that is in our Alaska Permanent Fund to build a gasline for a market that does not exist, and that no one predicts will exist for perhaps 20 years.

As Andrew Jensen writes in the Alaska Journal of Commerce, “Walker’s Quixotic quest to build the gasline himself gives him a chance to be the state’s first living boondoggle.”

The only rational solution for the Legislature, at this juncture, may be to put the gasline corporation on ice. As in, pull the funding.

Murkowski powers through fundraising

Screen Shot 2016-07-27 at 4.58.45 PMTAKING NO CHANCES

In another sign that she takes nothing for granted anymore when it comes to voters, Sen. Lisa Murkowski has raked in more than $730,000 during the fundraising quarter that ended July 1.

The Murkowski campaign appears to have become a well-oiled machine with several long-time Alaskans onboard and a schedule that would tire a teenager.

The latest campaign hire is Robert Dillon, who worked for Murkowski on the Senate Energy and Natural Resources Committee. Dillon returned to Murkowski’s orbit as her campaign communication director after a stint with a public relations company in DC.

Murkowski and Congressman Don Young have been appearing at events together across Alaska, talking about the importance of having a strong, cohesive team in the nation’s capital. Young said to a small group of political activists on Monday that he was relieved to have a solid team working in Washington, a big difference from the six years when Mark Begich was senator.

OPPONENT GETTING WINDCHILL

Screen Shot 2016-07-27 at 4.39.38 PMOne of Murkowski’s opponents, Margaret Stock, is running as an independent but with the backing of the Alaska Democratic Party. Stock has less than a nickel for every dollar Murkowski has in the bank.

Stock has also not turned in the signatures needed to get onto the November ballot as an independent, but she’s paid contract workers $8,000 to gather those names. Prognotiscators are predicting she may come in behind Democrat “Disco” Ray Metcalfe, who jumped into the race late in the cycle, after Stock was denied a spot on the Democrats’ ballot for the primary. The Alaska Division of Elections ruled against her and the Democrats’ attempt to include her name on their ballot.

Stock, who purports to be nonpartisan and says she would caucus with whoever would caucus with her, met with the now-disgraced Democratic National Committee Chairwoman Debbie Wasserman Schultz when Schultz was in Alaska in May. The meeting was a bid to shore up fundraising from the Democrats.

But that did not boost Stock enough: She has just $145,000 available, and $25,000 of that is her own money.

Murkowski, however, has $3.1 million still on hand. Through March 31, Murkowski had  raised more money than any Alaska senate candidate in history, bringing in nearly $700,000, and ending the quarter with nearly $1.5 million available.

 

Front page fails

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Today Must Read Alaska celebrates irony in the news with two examples of copy editing gone awry. Enjoy a moment when the Wall Street Journal and the Mat-Su Valley Frontiersman have epic front pages that tell all kinds of stories.

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Book Review: Hillary’s America

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Hillary's America
Hillary’s America

For some of us, a summer viewing of the movie Jaws is a delicious ritual.

This summer — cue shark music — there’s a movie out that will really scare you. But first, to the book:

Dinesh D’Souza, author of America: Imagine a World Without Her, has a new page-turner, and it’s a quick read.

In Hillary’s America, D’Souza unravels the enigma of why the Democratic Party has any members at all, considering its history. He attempts to explain why anyone would vote for a person like Hillary Clinton, who has been in public life for decades but who has accomplished nothing.

Since she’s the star of Philadelphia this week as the Democratic nominee, there’s no better time to read D’Souza’s account of the real history of the Democratic Party, from its sordid support of slavery to its fascination with fascism. Sometimes D’Souza is over the top, but even if he’s 80 percent on-target, it’s a compelling argument.

If Hillary wins the White House, as the line goes in Jaws, “you’re going to need a bigger boat.” It will mean 12 years of Democratic rule, doubling down on debt. Alaskans, in particular, will see their economy on ice as Hillary shuts it down for good.

Read the book at Amazon Kindle.  Prepare to be terrified. Or see the movie today and tomorrow:

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1:50pm
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7:40pm
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Now, back to your regularly scheduled program: the Democratic National Convention, where Joe Biden and Barack Obama will be speaking this evening.

Big Labor weighs in on Republican primaries

LABOR HAMMERS BIRCH, JUMPS ON JOHNSON

Anchorage House and Senate races are getting heated with and AFL-CIO — Big Labor money — beginning to show up in member-to-member literature that is being distributed to member and nonmember households throughout the districts in the House District 26 and Senate Seat L.

Big Labor, representing tens of thousands of state employees, has thrown its endorsements to incumbent Bob Lynn for House and Jeff Landfield for Senate.

ALASKANS OPPOSING PARNELL? WHO IS THAT?

One of the more curious aspects about the “Labor lit. drop” is the “top-three” support not just from two labor groups, from an independent expenditure group called “Alaskans Opposing Parnell.”

Who is that? Vince Beltrami and Joelle Hall, one and the same with AFL-CIO. They’re the same group that put out the savaging hit pieces on Sean Parnell during the 2014 election, including this one on YouTube. They’re definitely a group that doesn’t mess around but goes for the jugular.

It’s not typical for the unions to get involved in a Republican primary in Alaska, because Big Labor typically marshalls its resources for the general elections. We are seeing a new pattern, one that is developing in other states as well, as described by this 2013 article in Mother Jones magazine.

When the Alaska Public Offices Commission was asked about whether Alaskans Opposing Parnell was still a legitimate group, APOC said:

Alaskans Opposing Parnell has not made an expenditure for the 2016 election.  Alaskans Opposing Parnell disbanded in 2015 after they disbursed their leftover funds by contributing them to Putting Alaskans First.  Alaskans Opposing Parnell’s final expenditure was made in 2015. 

Alaskans Opposing Parnell may be one of Putting Alaskans First’s largest contributors that Putting Alaskans First is required to identify, but Alaskans Opposing Parnell did not make the expenditure for the door piece – Putting Alaskans First made the expenditure.  

While APOC’s explanation is inadequate at best, because the disclaimer clearly states Alaskans Opposing Parnell has made an expenditure, it’s more troubling that APOC sees no problem with the group working under cover. The 2015 report for Alaskans Opposing Parnell states: “Disbanding: No plans to re-form. Closing out campaign account.”

Here’s what the Alaskans Opposing Parnell piece look like for Lynn and what the related piece looks like for Landfield. It appears that, in spite of what APOC is choosing to believe, an expenditure has indeed been made.

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SOUTH ANCHORAGE DISTRICT L

THE BELTRAMI EFFECT

We delved into Alaskans Opposing Parnell in the APOC reports and came up with this, and it’s all perfectly legal, until APOC decides it’s not:

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Here is the relevant statute that applies to Alaskans Opposing Parnell getting involved in other races:

Sec. 15.13.050. Registration before expenditure.    (a) Before making an expenditure in support of or in opposition to a candidate or before making an expenditure in support of or in opposition to a ballot proposition or question or to an initiative proposal application filed with the lieutenant governor under AS 15.45.020, each person other than an individual shall register, on forms provided by the commission, with the commission.
(b) If a group intends to support only one candidate or to contribute to or expend on behalf of one candidate 33 1/3 percent or more of its funds, the name of the candidate shall be a part of the name of the group. If the group intends to oppose only one candidate or to contribute its funds in opposition to or make expenditures in opposition to a candidate, the group’s name must clearly state that it opposes that candidate by using a word such as “opposes,” “opposing,” “in opposition to,” or “against” in the group’s name. Promptly upon receiving the registration, the commission shall notify the candidate of the group’s organization and intent. A candidate may register more than one group to support the candidate; however, multiple groups controlled by a single candidate shall be treated as a single group for purposes of the contribution limit in AS 15.13.070(b)(1).
(c) If a group intends to make more than 50 percent of its contributions or expenditures in support of or in opposition to a single initiative on the ballot, the title or common name of the initiative must be a part of the name of the group. If the group intends to make more than 50 percent of its contributions or expenditures in opposition to a single initiative on the ballot, the group’s name must clearly state that the group opposes that initiative by using a word such as “opposes,” “opposing,” “in opposition to,” or “against” in the group’s name.

 

Colver proposes fixing Social Security — in Juneau?

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Jim Colver
Jim Colver

Jim Colver will save your Social Security when he gets to Juneau, according to his flyer below. He’s staving off an advancing army behind George Rauscher, who is running to unseat him for House District 9.

The fellow pictured in the flyer below, for the record, is not Jim Colver, unless Jim is a shape-shifter. Jim looks like the photo above. Keep it handy: With the attendance record he has in Juneau, you’d be forgiven for not recognizing him.

colver social security

LIST OF ENDORSERS FOR GEORGE RAUSCHER GROWS

Here’s who is on the list as endorsers for Rauscher:
Representative Lora Reinbold
Senator Charlie Huggins
Senator Lyda Green
Representative Wes Keller
Representative Dan Saddler
MatSu Mayor Larry DeVilbiss
Delta Mayor Pete Hallgren
Francis Hallgren
Former District 9 Chair Rick Stillie
Current District 9 Chair Carol Carman
Jeff McNabb
Daniel Hamm
Rob Matthews
Joe and Rachel Holbrook
Don Haase
Carol Neeley
Rod Arno
Kenny Barber
Dwayne King
Bill Iverson
Park Kriner
Sheila Hoffman
Michael Chambers
Ron Johnson
Ric Davidge
Alaska Right to Life
Alaska Republican Assembly
Alaska Outdoor Council
Outdoor Access Alliance
ARP District 7
ARP District 9
ARP District 10
ARP District 11
ARP District 12
Alaska Republican Party

List of endorsers for Jim Colver:

Gabrielle LeDoux
17 Union PACs

Bright, shiny objects: Democrats gone, Blue Angels here

Blue tarp for Democrats
Blue tarp for Democrats

DEMS IN PHILLY

Alaska Democrats are sweltering in Philadelphia this week for the coronation of Hillary Clinton as their nominee. On Monday, Elizabeth Warren, who identifies as a Native American at times, mocked Republican Donald Trump for wanting to build a wall on the southern border.

Meanwhile, here’s the wall that the Democrats built to protect their speakers from the angry mobs that are the delegates. Alaskans know a blue tarp when we see one.

Blue Angels land at JBER
Blue Angels land at JBER

SO THAT MEANS BLUE ANGELS BACK IN ALASKA

Arctic Thunder performance is scheduled for Saturday and Sunday at Joint Base Elmendorf-Richardson, starring the Blue Angels flight team. Gates open for the performances at 9 a.m.

Screen Shot 2016-07-26 at 10.09.11 AMThis will be their first appearance since Arctic Thunder 2010, the Alaska Air Show Association reports.

“The Blue Angels showcase demonstrate the Unites States Navy and Marine Corps’ commitment to professionalism, excellence and service through these world-class flight demonstrations and community outreach.” Not to mention they will knock your socks off with the sound of freedom in their F/A-18 Hornets and C-130 Hercules.

More information and schedule.

The weather forecast for JBER this weekend is for clouds but no sign of big storms heading this way.

STATE JOBS DECLINE BY 70

The administration of Gov. Bill Walker is repeating the mantra that it has eliminated thousands of jobs, but most of those have been positions that are simply left unfilled when people move on. The actual number of pink slips given out during the last year is 70.

OMB Director Pat Pitney told the public policy group Commonwealth North that the state’s 26,500 member workforce has dropped to 24,800. This includes the University of Alaska system. The number calculates out to one state employee for every 29 Alaskans.

LABOR COMMISSIONER SAYS COST OF LIVING DUE TO WHA-A-A-T?

Heidi Drygas
Heidi Drygas

Alaska’s Commissioner of Labor, Heidi Drygas, left, makes the case that Alaska’s cost of living is high because of how many people want to live here.

In the most recent edition of the Labor Department’s magazine, Alaska Trends, she writes:

Yes, Alaska has higher prices than the average community in America. We also have higher wages, better job opportunities, and quality of life.

Too often, we forget there’s a correlation between places people want to live and high costs of living. Nearly all places that are desirable — Alaska, Hawaii, or cities like Seattle, Portland, or New York — have higher-than-average costs of living. That’s no accident. An attractive place to live will have a tighter housing market and stronger demand for goods and services. While we should certainly take steps to reduce the cost of living in Alaska, we should also recognize that our costs are at least partly a byproduct of demand to live in our great state.

Following that logic…oh never mind. It speaks for itself. Bread in Barrow, last time we checked, was $8 for a loaf of Orowheat. Because people want to live there.

SECTION EIGHT FOR BED AND BREAKFASTS?

The Juneau Assembly is getting ready to force every landlord in Juneau to take Section 8 housing vouchers. Yes, that means even a bed and breakfast would be required to accept the government vouchers, if Assemblyman Jessie Kiehl gets his way.

The original version of the local legislation said landlords would have to take any type of lawful payment for rent, which means a landlord could not deny someone who wants to pay with an American Express card, even if the landlord doesn’t accept the cards.

More importantly, there are many landlords who simply do not want to participate in government programs like Section 8. They find Section 8 tenants tend to have too many issues, and the maintenance and repair for Section 8 tenants often leave landlords with having to do extensive work on a unit for a month or more after the tenant vacates.

Walker Administration gets another Moody’s downgrade

BORROWING WILL BECOME SLIGHTLY MORE COSTLY FOR STATE

One press release you did not see from Governor Bill Walker today was announcing this item: Moody’s downgraded the State of Alaska’s general obligation rating from Aa1 to Aa2. The outlook remains negative.

It was the second time this year.

“The downgrade recognizes the state’s political inability – at least for now – to address its severe fiscal challenges,” the company said in a statement.

With the government running deficits of more than $3 billion per year, and with pensions owed to defined benefit recipients (Tiers 1-3), the state is structually imbalanced now that oil prices are low, Moody’s said.

Moody’s also recognized that Alaska has huge reserves: “extremely large” is how the company describes Alaska’s reserve funds, which can buy the State a few more years. The company made an assumption that Alaska will achieve sustainability before running through its piggy bank, also known as the Alaska Permanent Fund.

Moody’s also downgraded the state’s lease-appropriation bonds and its “moral obligation” bonds.

During the Sean Parnell Administration, the state had a AAA rating from all three bond agencies, but oil prices were high and the governor and legislature made big payments into the pension system.

Gov. Bill Walker, governing during a time of low oil prices, failed to adapt state spending to income, and has not been able to bring his Democrats in the Legislature to the table to make realistic budget cuts.

UNDERSTANDING MOODY’S RATINGS

  • Aaa: This is “triple-A,” the highest rating Moody’s assigns as the highest mark for creditworthiness.
  • Aa: This is “double-A” and is the next highest tier, indicating very strong creditworthiness.
  • A: This is called “single-A” and is the third highest tier of above average creditworthiness.
  • Baa: Known as “B double-A”. This is the lowest tier that is still ‘investment grade.’ This points to average creditworthiness.

 

In each rating level, Moody’s also adds a number from 1-3, with 1 being better and 3 being weaker.