Economist to help Ala. determine spill's impact
MONTGOMERY, Ala. (AP) — An economist who serves as interim chancellor for Auburn University at Montgomery says he'll help the state of Alabama and local governments figure their revenue losses from BP's Gulf oil spill.
Economist Keivan Deravi said Thursday that acting state Finance Director Bill Newton asked for a comprehensive model to project revenues with and without the spill.
Deravi said the deadline for the study is next month.
BP representatives have indicated that the company is willing to compensate state and local governments based on projected losses, adjusting the amounts later to reflect actual revenues.
Information from: Press-Register, http://www.al.com/press-register/