"Oil revenues continue to dominate the unrestricted revenue picture - and is projected to provide more than 87% of General Purpose Unrestricted Revenue through FY 2018"

State Revenue

Alaska is the only state in the Union that is so dependent on one industry to fund its government services. Since the completion of the Trans-Alaska Oil Pipeline, petroleum revenues to the State of Alaska have averaged over 85 percent.

In the state’s fiscal year ending June 2011, oil and gas revenues represent 92 percent of Alaska’s unrestricted revenue. Oil tax revenue has a significant effect on the state’s ability to provide services to Alaskans.