Is Alaska a failed ‘Petrostate’? Critical election may decide

A governor who spent two terms cutting services to preserve Alaskans’ oil-funded annual checks is leaving office. Voters must now decide what comes next for the state’s faltering fiscal model.

Juneau, Alaska, takes pride in providing services that some larger cities would shy away from — child care and housing assistance, arts grants, three libraries, two public pools, an arboretum, a ski area and a pledge that all 250 miles of borough roads will be plowed, if possible, within 48 hours after a snowstorm ends.

But the system that has made that possible — a steady flow of revenue from oil production — is cracking like Arctic ice in spring, not just in Juneau, Alaska’s capital, but across the state. Even with the war in Iran sending oil prices sky high, the oil-dependent model that has financed generous public services while giving Alaskans annual checks from a Permanent Fund can no longer keep both promises…(Read full story)