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Alaska’s revenue forecast, released Wednesday, predicts a deficit of $3.5 billion, an increase of $2.1 billion from what lawmakers expected in April.

The forecast expects unrestricted general fund revenue of $2.6 billion this year, down from $5.4 billion in 2014, reports Fox Business. That, combined with about $200 million in anticipated supplemental budget items like oil and gas credits, accounts for the predicted $3.5 billion deficit, said Jerry Burnett, a deputy Revenue commissioner.

The 250% increase in the predicted state deficit is ...


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