Alaska's state revenue forecast predicts a $200 million treasury revenue increase due to higher oil prices within two fiscal years.

Alaska's state revenue forecast projects a $200 million increase in treasury revenue due to higher oil prices over two fiscal years, with a $58 million boost for the current fiscal year and an additional $140 million for the upcoming fiscal year. The increase in oil revenue could help fund the capital budget and may influence the state budget and larger Permanent Fund dividend for Alaskans. Legislators aim to balance the budget without using the state's reserve fund.

March 13, 2024
6 Articles

Further Reading