Even with a slimmer Permanent Fund dividend, low oil prices generate deficits in Alaska

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Even with a slimmer Permanent Fund dividend, low oil prices generate deficits in Alaska - Alaska Beacon

Alaska Gov. Mike Dunleavy speaks about the state's spring revenue forecast on March 21, 2023, at the Atwood Building in Anchorage. (Photo by Sophia Carlisle/Alaska Beacon)Lower oil prices have torn big holes in the Alaska state budget, the Department of Revenue said Tuesday, releasing new estimates showing a deficit of about $220 million in the fiscal year that ends June 30 and another deficit of about $240 million in the year that starts July 1…