Reason #8: The Oil Wealth Giveaway will drain Alaskans’ savings.

SB 21 will drain Alaskans’ savings. Under ACES, our savings grew to over $17 billion, giving Alaskans the biggest state savings accounts in the nation. Under SB 21, our most accessible savings account – the Statutory Budget Reserve – will likely be wiped out by 2018, leaving Alaskans empty-handed.