Low oil prices not ideal for state budget

What do continued low oil prices means for the state budget? It’s not pretty.
The Department of Revenue released a forecast today showing the state will bring in 800 million dollars less in oil revenue this year and next than the department projected in the fall.
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Governor Bill Walker says the 17 percent drop in the oil revenue forecast reinforces the importance of his fiscal plan. The plan would draw money from Permanent Fund earnings to pay for state government. It also wou