Department of Revenue Releases Spring 2018 Revenue Forecast

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Department of Revenue Releases Spring 2018 Revenue Forecast

Juneau – Department of Revenue (DOR) Commissioner Sheldon Fisher released the spring 2018 revenue forecast Friday. The forecast includes the Department’s updated forecast of oil price, oil production, and state revenue. Unrestricted General Fund (UGF) revenue is now forecast to be $2.3 billion in both FY 2018 and FY 2019. Compared to the fall 2017 […]

Oil Prices Continue to Define Geopolitics

By on    Featured, World  

The global oil benchmark, Brent crude, fell Thursday to about $79.8 per barrel before rebounding to finish the day at around $82.7 per barrel, the lowest price since mid-2012. The latest sell-off follows one of the sharpest declines in a quarter in recent years, in which the price of oil slid about 16 percent. It may be […]