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 2013 fiscal year, oil and gas revenues represented 92 percent of Alaska’s unrestricted revenue. Oil tax revenue has a significant effect on the state’s ability to provide services to Alaskans.