Alaska legislators look to savings account for deficit fix - The Alaska Current

Alaska legislators look to savings account for deficit fix - The Alaska Current

This story was originally published by the Alaska Beacon. Members of the Alaska Legislature said this week that they’re likely to use the state’s Constitutional Budget Reserve to fix a roughly $173 million budget deficit for the 12 months that end June 30. Lawmakers are confronting another, larger deficit as they craft the budget for the fiscal year that begins July 1, but it remains possible that some tax increases — on oil, business income and…