Higher oil prices and federal aid improve Alaska’s revenue forecast
Published 4 days ago
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JUNEAU — Alaska is expected to receive $460 million more than previously expected from oil taxes in the next fiscal year, according to a new forecast released this week.
The money “doesn’t bring in more opportunities for additional expenditures or anything like that,” said Sen. Bert Stedman, R-Sitka and co-chairman of the budget-writing Senate Finance Committee, but “it takes a little bit of pressure off” as legislators attempt to balance the state’s need for services and its desire for a large Permanent Fund dividend.