Investor Presentaiton

Projections of future state revenues really are highly uncertain! This graph shows the Department of Revenue's 10-year projections for state revenues for a six-year period-and what actually happened. Note that the projections for the future changed widely from year to year! Note that usually the projections were pretty close to actual revenues for the year the projections are made in (except in FY 2008) but they were usually way off by the second year of the projections. millions of dollars 12000 10000 8000 6000 4000 2000 0 State General Fund (Unrestricted) Revenues: Alaska Department of Revenue 10-Year Projections FY17 FY18 Actual Revenues Fall 2004 Projections Fall 2005 Projections Fall 2006 Projections Fall 2007 Projections Having lots of oil revenue is great-most states would love to have our oil revenue! Bit it does make Fall 2008 Projections it hard to plan for Fall 2009 Projections the future, because the oil revenue varies so widely and is so hard to predict. 25

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