Dunleavey Signs $3,20o Budget for Alaskans
Alaska Governor Mike Dunleavy approved a $14.4 billion budget, dismissing $400 million from the spending plan the legislature put forward last month, promising the plan would be enough.
About $3,200 will be paid out to the people of Alaska. Including a one-time energy relief payment of $650 and a Permanent fund dividend of $2,550. The Governor has not yet finalized a plan to distribute the funds to Alaskans, but some could be issued before the dividend payment date.
Republican Dunleavy, who is seeking re-election this year, called the plan “a great budget for Alaska.” In its latest sales outlook released on June 20, the Alaska Department of Revenue predicted oil prices of $111 per barrel next fiscal year, up from the $101 spring forecast released in March.
If oil decreases below $103 a barrel, the Constitutional Budget Reserve will be removed. If the price sinks below $89, Dunleavy spokesman Jeff Turner said it would be unable to proceed with funding education.
Alaska Governor Mike Dunleavy approved a $14.4 billion budget, dismissing $400 million from the spending plan the legislature put forward last month, promising the plan would be enough. (Photo: Anchorage Daily News)
Residents of Alaska To Receive $3,200
Dunleavy rejected about $400 million from a budget sent to him by legislators. Including $62.5 million in deferred school maintenance projects, $22.5 million in deferred statewide maintenance projects, and $89.3 million in state employees’ pension funds.
According to a published post by Anchorage Daily News, democrats in Alaska Senate bewailed $10.5 million in budget cuts to Alaska Long Trail, $1.5 million to public broadcasting, and $27 million to postpone supervision at the University of Alaska.
After Dunleavy urged Alaskans to send Alaskans the full statutory dividend of the Perpetual Fund. He then urged lawmakers to push for a constitutional amendment to change how dividends are calculated.
Legislature briefly considered paying the Alaskan $5,500 later in Congress, but in the end, settled on paying $3,200. Nor did the legislators propose any amendments to the statutes or articles of association to explain how future dividends will be calculated.
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