Alaska's Oil Revenue Surges, Lawmakers Weigh Spending
Anchorage News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Alaskas Department of Revenue projects a significant revenue boost, with oil prices expected to remain high through fiscal year 2026 due to the Iran war. The revised forecast predicts six point five billion dollars in state revenue, up from six billion, almost entirely due to stronger oil prices. Lawmakers postpone budget votes, weighing long-term market uncertainty and potential windfall for fiscal year 2027.
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