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Alaska faces a $200 million budget deficit in 2025 due to falling oil prices, prompting tax policy changes.
Alaska faces a significant budget deficit due to lower oil prices, a major source of state revenue.
The Department of Revenue forecasts $6.23 billion in revenue for the 2025 fiscal year, down $30 million from previous estimates, leading to a $200 million deficit.
For 2026, the forecast is $6.13 billion, a $70 million drop.
Governor Mike Dunleavy's proposed budget has a $1.64 billion deficit, prompting legislators to explore alternatives, including reducing tax credits for oil companies and taxing online businesses.
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Alaska enfrenta un déficit presupuestario de $200 millones en 2025 debido a la caída de los precios del petróleo, lo que provocó cambios en la política tributaria.