Future population growth could be very expensive for residents of the Mat-Su Borough, if the cost of schools and other services increases faster than the revenues needed to pay for them. A big issue looming for the borough—and other local governments—is that state aid, which currently pays most of the bill for Alaska schools, is likely to decline as declining oil production reduces state revenues. The problem is particularly critical for the Mat-Su Borough, which is the fastest growing area in Alaska.
A new analysis by Steve Colt, a professor of economics at ISER, assesses how six different land-use and population alternatives could affect the borough’s finances through 2050. It focuses on the potential future costs of borough schools, because schools are by far the borough’s biggest expense. The analysis was funded by The Nature Conservancy, the Bullitt Foundation, and the U.S. Fish and Wildlife Service.
Download the analysis, Fiscal Impacts of Alternative Land-Use Scenarios for the Mat-Su Borough (PDF, 1.5MB). If you have questions, get in touch with Steve Colt at email@example.com.