Alaska DOR forecasts declining revenues
The state expects oil prices to remain below the level assumed for this year’s budget but future price trends are very uncertain
With a chart of oil prices over the past year looking a bit like a cross section of one of the more rugged parts of the Alaska Range, predicting where prices will go from here might seem like an exercise in futility. But, since the price of oil is a key factor in determining Alaska’s state revenues,....
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