Alaska Lawmakers Approve $450M Spending
Anchorage News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Alaska lawmakers approve $450M in extra spending, betting on high oil prices to cover costs without dipping into savings. Funds allocated for transportation, disaster relief, wildfire fighting, college scholarships, agency operations, and flexible headroom. Spending plan passes easily, but backup draw from Constitutional Budget Reserve rejected. Oil prices surge to over $100 per barrel due to Iran conflict, but state analysts warn of potential savings pull if prices fall below $85. Bill heads to Governor Mike Dunleavy for review.
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