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Higher oil revenue forecasts open window for Anchorage capital priorities; lobbyist warns pipeline will strain housing
Summary
The mayor and the city's state lobbyist told the Assembly Legislative Committee that upward revisions to oil revenue forecasts create an opportunity to fund capital projects, but they cautioned the gas pipeline will increase local housing demand while Anchorage would receive limited direct tax benefits under current law.
Anchorage officials told the Assembly Legislative Committee that a substantial upward revision to state oil-revenue forecasts could free funds for a capital budget this year, but city leaders emphasized political and timing uncertainty and the local housing pressure a major pipeline project will bring.
"The Alaska Department of Revenues revised spring forecasts significantly increase projected revenues for FY26 and FY27," Mayor Suzanne Le France said, noting that increases create "a meaningful opportunity to invest in public services and…
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