For decades, Alaska’s leaders have known we have a fiscal problem. What has been missing is a serious effort to identify and explain solutions.

This tracker is our commitment to transparency. As we develop and release proposals, we will add them here so Alaskans can see exactly how much progress is being made toward a long-term fiscal plan.

So far, we have identified:

• PFD Reform — Replace the current formula with a Resource Based Dividend — Approximately $350 million annually compared to a 75:25 POMV split.

• Oil and Gas Tax Reform — Update our current net tax system to a 13% gross tax to increase transparency and stabilize revenues — Up to $1 billion at $70 average annual oil prices

• Mining Tax Reform — Update our current mining license tax with a fixed gross tax — Up to $150 million.

• Business Tax Reform — Close the Pass-Through Entity loophole for businesses making more than $1 million net profit— Estimated to generate up to $100 million

Together, these proposals could provide over $1.5 billion per year toward solving Alaska’s fiscal challenge.

But we are not finished.

The goal is not simply to balance the budget for one year. The goal is to build a durable fiscal plan that works for Alaska.  That’s why every idea we will propose will be measured by the same standard: Does it improve Alaska’s long-term fiscal health while protecting future generations?