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Tag Archives: constitutional budget reserve

Alaska needs new revenues in addition to budget cuts, says credit ratings agency

JUNEAU — Alaska’s stellar credit ratings could be in jeopardy if oil prices remain low and the state fails to act to address its financial situation, a major credit ratings agency said this week. In a look at how lower oil prices are affecting budgets in the nation’s top oil-producing states, Moody’s Investors Service praised Alaska’s ample cash reserves but ...

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