State expected to have additional $2.9 billion to spend after revenue projections tick up

The state is projected to have nearly $2.9 billion in additional money to spend over the next two years after the Legislative Fiscal Bureau today upped its revenue estimates through mid-2021.
The state was already expecting healthy revenue growth for the next budget compared to the current biennium. But today’s re-estimate from LFB adds $753 million more in projected general fund tax collections through the end of the upcoming budget.
Still, Senate Majority Leader Scott Fitzgerald, R-Juneau, cautioned much of that projected growth is one-time money as businesses continue to adjust to the 2017 ...

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