GOV. EGAN HAS SPENT 420-MILLION DOLLARS DURING
HIS TERM IN OFFICE. THIS WAS YOUR MONEY. IT
AMOUNTS TO ABOUT $7,000 FOR EVERY VOTER IN ALASKA
This $420-million includes all of the
state's regular income from taxes and
other sources, Statehood gifts from the
Federal government, Federal matching
funds, and our unexpectedly large oil
lease income.
ALASKANS HAVE BOUGHT LITTLE
MORE THAN WASTEFUL ADMINI
STRATION FOR THE VAST SUMS OF
MONEY THAT HAVE BEEN SPENT
BY OUR STATE GOVERNMENT. THIS
INEFFICIENT STATE ADMINISTRA
TION IS WASTING YOUR MONEY,
AND IS DEPRIVING YOU AND YOUR
FAMILY OF THINGS WE SHOULD
ALL BE ENJOYING TODAY.
j *
WORSE, IT IS DESTROYING OUR
HOPES FOR THE FUTURE. BY SPEND
ING OIL LEASE INCOME ON DAILY
OPERATING EXPENSES, WE MARCH
TOWARD A FUTURE FINANCIAL
CRISIS, AND MORE TAX INCREASES.
While spending all our regular income,
• all our Statehood gifts, and all of our oil
lease money, the governor still could not
make ends meet. He ordered tax increases
on consumer items and on the incomes of
. . Alaskans. His own figures show that tax
collections are up 34 per cent since the
tax increases.
All this money is spent. There is
no actual surplus in the state
treasury. The governor's recent
announcement concerning an un
obligated balance of $24-million
was a deliberate attempt to mis
lead the people of Alaska. That
$24-miElion was obligated by the
last session of the legislature to
meet the demands of the gover
nor's huge $70-million dollar bud
get for 1952-63.
What have Alaskans received for their
$420-million dollars? Do we see substan
tial improvements in highways and other
public facilities in Alaska? No. Virtually
every building program upon which our
state government has embarked is far
behind schedule. For four years, the state j
has possessed the money to make great
road improvements, but only a small frac
tion of the planned work has been com
pleted.
/
ALASKA WAS FORTUNATE TO HAVE !
RECEIVED MILLIONS IN OIL LEASE
MONEY. THIS COULD NOT BE FORE
SEEN WHEN GOVERNOR EGAN TOOK
OFFICE. HE SHOULD NOT HAVE SET
UP AN ADMINISTRATION THAT
NEEDED THIS OIL MONEY FOR OP
ERATING EXPENSES. THE OIL MONEY
SHOULD HAVE BEEN USED TO DE
VELOP NATURAL RESOURCES, AND
MAKE CAPITAL IMPROVEMENTS.
WATCH THIS NEWSPAPER FOR MIKE STEPOVICH'S
PROGRAM TO BUILD A MORE PROSPEROUS ALASKA
THIS AD SPONSORED BY THE: -
STEPOVICH for GOVERNOR ?=r;