The crisis isn’t just a short-term problem. State officials have known for decades that relying on oil to fund the budget is risky as prices and production have declined. But year after year, they have failed to agree on a solution to finance school repairs and renovations.

Alaska is one of only two states without an income tax or statewide sales tax.

Average annual spending on education facilities declined by nearly 60% after 2014, the year oil prices plummeted, according to a 2021 report by the University of Alaska Anchorage. Overall spending on rural facilities is now less than half of what the National Council on School Facilities recommends.

    • gAlienLifeform@lemmy.world
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      24 hours ago

      Also, par for the course when you build your whole economy around an extractive industry with no thought about what comes after (see also; basically all of West Virginia)