Legislative fiscal office: FY26 post-transfer deficit $336.8M; oil price swings could materially change outlook The Legislative Fiscal Analyst told the Senate Finance Committee the FY26 post-transfer deficit is $336.8 million (or a $466.4M CBR draw if higher-education recapitalization is included). Higher oil prices could narrow or flip the FY26 gap, but FY27 shortfalls remain large.

Alaska's fiscal future hangs in the balance as a staggering $336.8 million deficit looms for FY26, but higher oil prices could shift the tides—will they be enough to avert a financial crisis?

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