If you were paying attention, you would have noticed that the State started hemorrhaging funds well before the oil prices crashed. But since there was still plenty of money in the General Fund, there wasn't much of a fuss about the fact that we were losing money selling half a million barrels of oil a day. 

Bert Steadman (R Sitka) stated during the floor session that if SB21 passed, that it would effectively remove $2 billion a year from the state's economy. He paid for making that statement. He was removed from important committee assignments and ostracized in the majority caucus that he was a member of because the truth was embarrassing to the legislators who were bought off by the outside resource extraction corporations and the oil executives.

How could removing $2 billion a year from our state cause a problem?

So, educate yourself and stop drinking the Kool-Aid that the lobbyists, Houston and London based multinational corporations and bought off politicians are serving up.