Alaska Lawmakers Face Oil Revenue Surprise
Anchorage News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Alaska lawmakers face a budget dilemma as a surprise oil revenue forecast boosts expectations by up to $500 million. The Senate has approved using savings for most of the added spending, but the House is divided over drawing from the Constitutional Budget Reserve. Tensions rise as majority coalition pushes for transportation projects, while minority Republicans fear oil prices could drop. Lawmakers remain cautious, with some saying its risky to count on the forecast for balancing the budget.
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