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

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

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 …

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…