Here’s the true economic cost of the uncertainty created by the Alaska Legislature
Author: | Opinion Published February 18 Anchorage Daily News
Posturing and rigidity by members of the Alaska Legislature has cost the private economy perhaps half a billion dollars a year in investment that could have sped recovery from the recession, according to a new report.
Business people have said for two years that political uncertainty is holding back the state economy by discouraging investment. Without knowing what to expect in taxes, spending cuts or other economic shocks, businesses held back on capital expenditures for expansion or new ventures.
But that concern always seemed vague and unmeasurable, allowing legislators to behave as if delay had no cost.
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