Alaska schools set to receive $115M in war-driven oil revenue bonus, state announces

By: Corinne Smith

Outlets: Alaska Beacon

Published: September 2, 2026

Words: 1,173

Last Updated: 2 weeks, 5 days ago

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The Alaska Department of Revenue announced on Monday that Alaska’s K-12 public schools will receive an additional $115 million in state funding this year, prompted by a boost in oil revenues driven by the U.S. war on Iran.

Legislators earmarked the additional oil revenue for schools as part of the state budget approved by Gov. Mike Dunleavy in June.

The additional funding is a relief to school districts statewide. Many districts …

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