Oil Price Upturn Good News for Alaska's Schools

The windfall to Alaska from increased oil prices means the state's school districts stand a better chance of receiving their funding requests

Published: 15-Dec-2004

The windfall to Alaska from increased oil prices means the state's school districts stand a better chance of receiving their funding requests from the Legislature next fiscal year and of securing the money earlier in the legislative session, members of the Interior delegation told Fairbanks school district officials Tuesday.

During a generally upbeat gathering, Interior legislators expressed confidence about the overall funding situation for education and for the state in general, at least in the short-term.

Oil prices that have soared well above projections of $28 a barrel should prevent a situation like the lead up to the current fiscal year, said Sen. Gary Wilken, R-Fairbanks. Dozens of teachers and employees in the Fairbanks North Star Borough School District faced being laid off until the Legislature approved an education funding increase during the last day of the legislative session in May.

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