The Institute of Social & Economic Research

The Alaska Citizen's Guide to the Budget

Financial Assistance
provided by:
Fiscal Policy Council of Alaska

Comparisons
The Fiscal Gap
What is it?
New Revenues
Principles
A Generic Fiscal Plan
Other Proposals
Bogus Solutions

 

 

 5. The Fiscal Gap

5.3 Principles

CRITERIA FOR A FISCAL PLAN

  • FAIR — spread the burden fairly and equitably among Alaskans and across industries
  • SUSTAINABLE — preserve financial assets and endowment funds (AHFC, etc.)
  • REALISTIC — close the gap with real measures based on real assumptions
  • INCREMENTAL — phase in measures gradually over several years
  • COMPLETE — show the complete plan and timetable
  • STRATEGIC — minimize short-term economic impact and long-term disincentives to development
  • FLEXIBLE — maximize capability to adjust to changing circumstances
  • EFFICIENT — minimize administrative cost
  • STABLE — maximize revenue predictability
  • TRANSPARENT — keep it simple, logical, and politically possible

 
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Institute of Social and Economic Research, University of Alaska Anchorage
Mailing Address: 3211 Providence Drive, Anchorage, Alaska 99508
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Page Updated January 9, 2003

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