The Olympian:

Gov. Sarah Palin says she didn’t ask for a pay raise and won’t accept one during her current term.

That’s from her spokesman, Bill McAllister, who says he talked to the governor about the $25,000 raise that a new state commission is recommending this week.

It’s unclear if Palin would give the money to charity - as commission chairman Rick Halford suggested - or simply not receive the extra pay.

While it’s still one of the least taxed states in the union, theres no income tax or sales tax and every Alaskan gets a check yearly for their share of oil revenue, the drop in the price of a barrel of oil will hit the state budget hard. Theres going to be more than a little pain there to match the pain of a loss of oil jobs if the low oil prices continue.

Now is definitely not the time to get a $25k pay raise, regardless. Sarah Palin’s political instincts are right on. Alaska won’t implode, at least they didn’t when oil was under $36 barrels a few years ago, but they will need to tighten belts.

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