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Alaska Oil Boom Brings Big Cash | Anchorage News
Description
North Slope crude just hit $100 a barrel — the first time since June — fueling a major revenue surge for Alaska. With nearly $7 billion in general-purpose revenue (a $500M jump over projections), Alaskans are set to get bigger dividends: $128M extra means $1,200 per person starting October 1. Schools get $115M more, and the state’s bulk fuel program gets $15M. Still $341M left over? It’s going straight into the rainy-day fund. And with oil prices still climbing — possibly staying high until after the election — lawmakers could be looking at hundreds of millions more when they convene in January.
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