Here's my ideas, though I'm no economist or financial guru, these are things that stick in my craw.

Eliminate the School Boards, or at the least, allow school vouchers for about 75% of the current amount spent on students.  Competition is always a healthy thing.

Oil taxes are beyond my level of comprehension.  Simplify them to: Flat Taxing the oil pulled from the ground.  Period.  No deductions, no incentive pay.  Feel free to drill, and we'll tax what goes in the pipeline or onto a tanker, whatever.

Taxes:  that's a tough one.  Sales or income?  If we go with sales, that means everyone, rich and poor alike, will have a stake in the state's well being.  Bad side of that is it places an extra burden on townsfolk that already have a sales tax, like Wasilla, Seward.

Income tax: Make it a flat tax.  I don't like punishing someone for being more successful than I.  Plus, you can deduct state income from your federal taxes.  That can come in handy!

There you have it.  Discuss.