JUNEAU, Alaska (AP) - A new forecast from the state anticipates additional revenue of more than $200 million this fiscal year and next amid higher anticipated oil prices.
But Revenue Commissioner Sheldon Fisher says that even with the extra money, the state continues to face a deficit of more than $2.3 billion.
The state Revenue Department, in its spring forecast, expects an increase in unrestricted general fund revenue of about $255 million this year and about $210 million for the fiscal year starting July 1. Those increases compare to a department forecast released late last year.
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Alaska lawmakers have been struggling with how best to address a deficit that has persisted amid lower oil prices.
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