Please read Robin Brena's article "Alaskans' fair share of petroleum revenue"

"the state would have close to sufficient petroleum revenues to balance our budget if it had simply maintained our historical percentage share of petroleum revenues."

Were the state to have received the same percentage share of gross revenues in 2015 as it received in 2012 (35 percent), the state's petroleum revenues in 2015 would have been $4.8 billion and the state's budget would have been very close to balanced.