Riding higher oil prices and POMV; Alaska’s finances look up
Caution raised, however, on new use of Permanent Fund earnings With some luck – and higher oil prices – Alaska’s budget deficit may be significantly smaller than forecast this year. The state could even see a balanced budget. The newly-enacted Senate Bill 26 is in effect this year, bringing $2.7 billon of Permanent Fund earnings into the state general fund. About $1.7 billion of this will be available for the budget, with the remaining $1 billion spent for the $1,600…