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Senators outline budget gap and point to possible revenue options including oil tax changes
Summary
Senators said the Senate and House agree education is top priority but face a multihundred‑million dollar shortfall. Lawmakers discussed options such as modifying oil tax credits, revising corporate tax treatment and limited internet tax proposals while noting the governor's stance will shape action.
Senate leaders said this session will prioritize education but warned it must be paired with a credible plan to pay for increases amid a large projected deficit.
Senator Malakowski summarized analyses showing a roughly $250 million shortfall under one scenario and warned other fiscal notes and maintenance costs could push the gap toward $300–$400 million. "You're realistically probably looking at a 33 to $400,000,000 deficit with the $680 BSA," he said.
Nut graf: Senators…
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