The private sector, not the government, is what drives an economy

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Despite what you might read in some recent media publications, Alaska’s economy is recovering. Jobs have increased every month since last year’s election, GDP is up by more than 3 percent, wages are climbing, and the private sector is showing a willingness to invest in Alaska.

If you believed some of the recent doom and gloom headlines that have come out you’d think that state government is truly the economic driver of a state’s economy and without it, we are destined to fall off the cliff.

In reality when looking at the entire operating budget and all fund sources, the reductions equate to about a 6 percent reduction from fiscal year 2019 …hardly fiscal Armageddon for a state government that has been living comfortably for several decades.

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