Alaska budget deficit projections lowered
The Murkowski Administration has apparently lowered its projections of the budget deficit for the upcoming fiscal year. Murkowski is trying to keep the deficit below $400 million a year for four or five years, by which time he expects resource development revenues to fill the gap. Last spring he expected to use spending cuts of $250 to help do this. This fall he expects the cuts will be lower. See this Associated Press story in today's Juneau Empire: "Gov. Murkowski backs off target of $250 million in budget reductions". Higher oil prices make this possible.
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