Add to ORKGThis is the third update of a series we began in 2012, estimating how much Alaska’s state government can afford to spend, without risking sudden big budget deficits and economic hardships for Alaskans in the near future. Those problems are looming because oil revenues currently pay almost all the bills for public services—and oil production has been dropping since the late 1980s. But Alaska can extend the benefits from oil, by adding to the Permanent Fund and other financial accounts—so the earnings from financial accounts can increasingly take the place of petroleum revenues. Those revenues are expected to keep dropping, even with revenues from new oil sources and from a potential gas pipeline.Northrim Bank