The estimate is also that the state will get $25 million more in fiscal year 2010, which begins July 1.

Overall, the state will receive $5.86 billion in unrestricted general fund revenue, which are funds the Legislature can appropriate to programs, during fiscal 2009, and $3.21 billion in total unrestricted revenues in 2010. In fiscal 2008, the budget year that ended June 30, 2008, the state received a record $9.956 billion in unrestricted revenues.

The bulk of Alaska's state revenues come from oil and gas taxes and royalties. The department now expects sales prices for North Slope crude oil to average $65.70 per barrel for fiscal 2009 and $58.29 for 2010.

As of April 13, the average value year-to-date was $69.11 per barrel, according to the revenue department.

Despite the uptick in revenues, major deficits are expected for the state budget in fiscals 2009 and 2010, which will require state officials to draw down reserves from the constitutional budget reserve.