Why does the State of Alaska have a severe cash flow problem?

Question

Why are they borrowing from the royalty funds normally paid to residents in order to balance the state's budget?

Answer 1

Most likely because they are not tapping the oil, holding huge reserves and stealing  from the state. Starting with Stevens and ending with Palin.

Answer 2

Is there anything here that is not a blatant lie? Oh that is right ...... "liberal" facts. Alaska doesn't have a severve cash flow problem. Rant, Rant, rant.

Answer 3

What it means is that Alaska has some severe financial problems. As mayor, Palin also left her tiny town in crippling debt...the first in their history. No wonder she's a Republican

Answer 4

there not! they have a cash reserve of 28 billion in revenue.the money you are talking about is to get in the new gas line on the north slope.