Business

  • Credit ratings agency Standard & Poor’s released a statement on May 19 warning the Legislature once again that a failure to address the $4 billion budget gap may further lower Alaska’s credit rating. The Legislature adjourned on May 18 at the end of an extended, 121-day session without passi...

    Thu, 05/26/2016 - 10:12am
  • JUNEAU — The prospect of a special session looms as Alaska lawmakers hit their fourth month in regular session without agreement on a plan for pulling the state out of a massive budget deficit. Lawmakers worked past the voter-approved 90-day session limit in April after failing to come to terms on...

    Thu, 05/19/2016 - 11:06am
  • Add promotional hats, water bottles, visors and other promotional items to the list of ways Alaska hopes to balance its budget without hiking taxes too high. The Alaska Division of Parks and Outdoor Recreation got a green light from the Legislature to sell parks-themed merchandise for a profit. As l...

    Thu, 05/19/2016 - 11:03am
  • The Alaska marijuana industry first business licenses will be issued in June, and the most crucial kind have the lowest number of applications. Testing facilities — one of the four commercial cannabis licenses created under legalization — present a possible industry bottleneck. All cannabis prod...

    Thu, 05/19/2016 - 11:01am
  • HOUSTON  — The number of rigs exploring for oil and natural gas in the U.S. dropped by nine this week to 406, another all-time low amid depressed energy prices. A year ago, 888 rigs were active. Alaska’s rig count was unchanged this week, but rigs are down to five compared to 10 in the same...

    Thu, 05/19/2016 - 10:49am
  • The round tables were fringed with people chatting leisurely and exchanging bits of news, like they were on lunch break. A few feet away, two young men ignored the conversation and clicked away on desktop computers. Yet another group stood on the edges of the room, pacing and waiting, their heads sn...

    Thu, 05/19/2016 - 10:49am
  • JUNEAU — After a month of debate, the Alaska House of Representatives has approved legislation that cuts the annual state subsidy for the oil and gas industry. In a 25-12 vote, the House approved a modified version of House Bill 247, proposed by a pair of Republicans: Rep. Tammie Wilson, R-North P...

    Thu, 05/19/2016 - 10:44am
  • PALMER — The state is seeking out a new owner for the only federally approved slaughterhouse in southcentral Alaska, as funding for the facility could run out this year due to legislative budget cuts. The state Board of Agriculture and Conservation has issued a request for proposals to lease and o...

    Thu, 05/12/2016 - 10:57am
  • Governance at Soldotna’s Central Peninsula Hospital will go directly to the hospital’s operating board and the Kenai Peninsula Borough Assembly....

    Thu, 05/12/2016 - 10:54am
  • Facing decreased revenue from the state, the Kenai Peninsula Borough has proposed merging the Capital Projects Department with its Purchasing and Contracting Department. The Capital Projects Department handles capital improvement projects in the borough, such as roofing a school or repairing a water...

    Thu, 05/12/2016 - 10:52am

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Lupin bloom at the head of the bay

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