Soaring Oil Prices Bring Fiscal Windfall to Alaska

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Soaring Oil Prices Bring Fiscal Windfall to Alaska
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Soaring oil prices have brought Alaska its biggest budget surplus in nearly 20 years

The Aurora M/V, part of the Alaska ferry system, arrives in the port in Whittier, Alaska., along with a debate in Juneau over whether to spend the money on education and infrastructure or save it for the next downturn.

Over the past year, the price for a barrel of Alaska North Slope crude has nearly doubled to $114.93 as of Thursday. Taxes and royalties from

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