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Alaska Senate leaders suggest new revenue measures to address looming budget deficit

Summary by Anchorage Daily News
Analysts say that without new revenue, the state could face a $500 million deficit this year.

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Wrangell SentinelWrangell Sentinel

State headed to budget deficit as revenues come up short

The state is bringing in less money than it is spending and is on pace to finish the current fiscal year with a deficit of $171 million, according to figures presented Feb. 4. Lacey Sanders, Gov. Mike Dunleavy’s top budget official, told the Senate Finance Committee that spending from the Constitutional Budget Reserve Fund likely will be needed to close the gap before the Legislature’s scheduled a...

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Anchorage Daily NewsAnchorage Daily News

Alaska Senate leaders suggest new revenue measures to address looming budget deficit

Analysts say that without new revenue, the state could face a $500 million deficit this year.

·Anchorage, United States
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Barbados TodayBarbados Today

Record budget unveiled as revenue projections fall short - Barbados Today

Key budget highlights • Revenue Sources – The majority of the government’s income is expected to come from taxes on individuals and businesses, supplemented by grants and non-tax sources. In the current financial year ending March 31, the government is set to collect more than $3.57 billion in taxes. • Spending breakdown – Of the $5 billion in planned spending, $3.59 billion represents current expenditure.  • Debt payments – The country’s debt p…

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psnews.com.aupsnews.com.au

Tasmanian Treasurer rules out major changes to taxation or services to fix budget deficit

The Tasmanian Treasurer Guy Barnett has ruled out major changes to the state’s taxation system or spending profile in the face of a budget blowout over the next four years. […]

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Anchorage Daily News broke the news in Anchorage, United States on Wednesday, February 12, 2025.
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