Alaska House Rejects Full Dividend

first_imgKnopp: “We will be coming back into a second special session to finish up debating the PFD and wrap up the capital budget this year” The current operating budget passed by the House and Senate does not include a PFD. In a social media post from Governor Dunleavy: “In the coming days, I will review and scrutinize the budget passed by the Legislature and determine the best path forward, including options to accept the budget as passed, to veto the budget in its entirety, or to veto portions of the budget to better align expenditures and revenues. I am absolutely determined to address the budget issues that have haunted Alaska for years.” The last day of the special session if Friday. Local legislators are anticipating a second session in order to come to a compromise on the PFD and capital budget. Representative Gary Knopp: “There is not $2 billion dollars there to payout. It’s simply just the way it is, a fiscally responsible budget and one we can afford. When all said and done debating the size of the PFD I expect a somewhere between $1,200-$1,500.” Governor Mike Dunleavy has said lawmakers should follow a longstanding formula and pay a full dividend. Some lawmakers share his position. But there are legislators who contend the formula is unsustainable. FacebookTwitterEmailPrintFriendly分享The Alaska House on Wednesday rejected a proposal to pay residents a full dividend of around $3,000 this year from the state’s oil-wealth fund. Wednesday’s vote was 15 in favor and 21 against. Last week, the Senate by one vote failed to approve a full dividend, and it later failed to revive the bill for another vote.last_img