Department of Revenue presents fiscal model for SB 280: volumetric tax would lower cumulative local property revenue compared with current law DOR told the Senate Resources Committee the bill would replace state and municipal property tax with a 6¢/Mcf volumetric tax after up to a 10-year ramp-up; DOR used a $46.2 billion construction baseline and its fiscal note estimates the state would receive about $9 million/year and municipalities roughly $64–65 million/year at full operation, while cumulative local property tax under current law could be about $5.7 billion to 2042.

The Alaska Senate is considering a bold new fiscal model that could drastically change the revenue landscape for the LNG project—will it be a win for the state or a missed opportunity?

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Senators say $75 oil forecast could boost savings but urge cautious FY27 spending Alaska senators told reporters the Department of Revenue’s spring forecast — about $75 a barrel for the coming year — could push FY26 toward break‑even or a small surplus but emphasized uncertainty and a cautious FY27 budget focused on deferred maintenance rather than large new capital projects.

Alaska's senators warn that while a projected $75 oil price may lead to a slight surplus in FY26, uncertainty looms over FY27 spending, urging a cautious approach to budget planning.

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Department of Revenue raises spring forecast as oil and mining push unrestricted revenue up by roughly $545M for FY26 The Department of Revenuespring 2026 forecast increases unrestricted revenue by about $544.7 million for FY26 and $510 million for FY27, driven mainly by higher oil-price assumptions and stronger mining receipts, but officials warned of historic oil-price volatility that could swing results widely.

Alaska's Department of Revenue projects a staggering $544.7 million increase in unrestricted revenue for FY26, fueled by soaring oil prices and booming mining receipts, but warns of unprecedented market volatility.

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Alaska revenue forecast rises on higher oil prices, but officials flag wide volatility The Department of Revenue told the Senate Finance Committee on March 16 that spring updates lift unrestricted revenue by about $545 million for FY2026 and $510 million for FY2027 — driven mainly by higher oil‑price assumptions — while cautioning that market volatility leaves sizable upside and downside risk.

Alaska's revenue forecast is soaring thanks to a surprising surge in oil prices, but experts warn of significant volatility ahead.

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House Finance Subcommittee adopts FY27 Department of Revenue budget, limits funding for APFC’s second office The House Finance Subcommittee adopted the Department of Revenue FY27 BA report and approved two amendments that place a nominal decommissioning line and delete lease funding for the Alaska Permanent Fund Corporation’s second office; the budget moves from subcommittee with legislative finance to finalize narrative.

The House Finance Subcommittee just took a bold step by adopting the FY27 budget while limiting funding for an unnecessary second office of the Alaska Permanent Fund Corporation!

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Department of Revenue previews FY27 budget; pension amortization gap and dividend-app costs flagged Acting Commissioner Janelle Earls outlined the Department of Revenue's FY27 budget components for the House Finance Committee, discussing operating funding sources, technical adjustments and specific items including dividend-application hosting costs and a multi-million-dollar difference with the ARM board on past-service pension funding.

Acting Commissioner Janelle Earls unveiled essential details of the Department of Revenue's FY27 budget, revealing significant discrepancies in pension funding and costs for a new dividend application system.

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House Finance Subcommittee reviews Department of Revenue FY27 operating budget The House Finance Subcommittee received an overview of the Department of Revenue's FY2027 operating budget, highlighting across-the-board salary and benefit adjustments, the Department's reliance on other-state funds, a new cloud-hosted PFD application, and a reported 16% vacancy rate in core Revenue positions.

The Alaska House Finance Subcommittee is making critical decisions on the FY2027 operating budget, with significant changes to the Permanent Fund Dividend and a concerning 16% vacancy rate in key positions.

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Senate Finance Committee hears fall revenue forecast as oil, Permanent Fund drive outlook Department of Revenue staff told the Senate Finance Committee the fall revenue forecast projects $17.8 billion in total state revenue for FY26 and $15.3 billion for FY27, driven by Permanent Fund transfers and petroleum assumptions; lawmakers asked for further GVR barrel breakdowns and legal review of NPRA receipts.

Alaska's revenue forecast reveals a projected decline to $15.3 billion for FY27, raising questions about the future as oil prices and the Permanent Fund play pivotal roles.

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