Soaring oil prices since the United States and Israel launched air strikes in Iran could mean millions more dollars in tax revenue for energy-producing states.
Alaska lawmakers may have an additional $1 billion to spend through the end of next fiscal year thanks to higher-than-expected oil prices, state analysts said in a report released Friday. For New Mexico, a $1 increase in oil prices this fiscal year would mean a $57 million increase in revenues, according to the state legislative analysts.
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