{"id":50156,"date":"2019-07-04T07:45:00","date_gmt":"2019-07-04T15:45:00","guid":{"rendered":"https:\/\/www.juneauempire.com\/news\/economists-dunleavys-vetoes-could-result-in-job-losses\/"},"modified":"2019-07-04T07:45:00","modified_gmt":"2019-07-04T15:45:00","slug":"economists-dunleavys-vetoes-could-result-in-job-losses","status":"publish","type":"post","link":"https:\/\/www.juneauempire.com\/news\/economists-dunleavys-vetoes-could-result-in-job-losses\/","title":{"rendered":"Economists: Dunleavy&#8217;s vetoes could result in job losses"},"content":{"rendered":"<p><strong>ANCHORAGE &mdash;<\/strong> Budget vetoes of $444 million by Alaska&rsquo;s governor could cause widespread job losses, economists said.<\/p>\n<p>Analysts and business leaders predict lost jobs are only one of the consequences of Gov. Mike Dunleavey&rsquo;s vetoes, The Anchorage Daily News reported Wednesday.<\/p>\n<p>Losses from the vetoes would be roughly between 4,500 and 7,000 jobs, according to an analysis by the University of Alaska Anchorage Institute of Social and Economic Research.<\/p>\n<p>Higher local property taxes could also result from the 182 line-item vetoes announced June 28, observers said.<\/p>\n<p>&ldquo;We believe by getting the government side under control, we open up real possibilities for the private sector to grow exponentially,&rdquo; Dunleavy said Friday.<\/p>\n<p>The state is quickly running through its savings and the Legislature has rejected attempts to increase taxes, said Dunleavy spokesman Matt Shuckerow.<\/p>\n<p>Voters rejected using part of their annual Permanent Fund Dividend to pay for government when they elected Dunleavy, Shuckerow said.<\/p>\n<p>Some experts expressed concerns about what the dramatic cuts will do to Alaska, which has more state government jobs per capita than most other states.<\/p>\n<p>They worry budget cuts will slow the state&rsquo;s recovery from a recession in which it has been mired for three years.<\/p>\n<p>There is &ldquo;no way&rdquo; the cuts will not result in significant job losses rippling through the economy, said Jonathan King, owner of Anchorage economic firm Halcyon Consulting.<\/p>\n<p>&ldquo;We&rsquo;re trading long-term jobs of highly educated, high-income individuals &mdash; teachers, professors, engineers, people who build roads, that sort of stuff &mdash; for a temporary bump in retail associated with the PFD,&rdquo; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the many consequences. <\/p>\n","protected":false},"author":106,"featured_media":50157,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_stopmodifiedupdate":false,"_modified_date":"","wds_primary_category":9,"footnotes":""},"categories":[9,4],"tags":[230],"yst_prominent_words":[],"class_list":["post-50156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home","category-news","tag-state-news"],"_links":{"self":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts\/50156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/users\/106"}],"replies":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/comments?post=50156"}],"version-history":[{"count":0,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts\/50156\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/media\/50157"}],"wp:attachment":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/media?parent=50156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/categories?post=50156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/tags?post=50156"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/yst_prominent_words?post=50156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}