The bipartisan Alaska Senate majority introduced a new spending plan today that combined both the operating budget and the capital budget, in a last-minute effort to pass a measure the House can approve before the legislative session ends.
JUNEAU — The bipartisan Alaska Senate majority introduced a new spending plan Thursday that combined both the operating budget and the capital budget, in a last-minute effort to pass a measure the House can approve before the legislative session ends.
The Senate bill includes a new provision that would provide for a supplemental energy relief payment for every eligible Alaskan, on top of the dividend, if oil prices exceed an average of $83 per barrel for the year. At $105 per barrel for the year, the combined annual payment to Alaskans could reach the House figure of $2,700.]
Once the Senate passes its budget, the House would have two options: either approve it with no changes, an option known as concurrence that last happened in 1982, or reject the spending plan and send it to a conference committee. That committee, which brings together a few representatives from each legislative chamber, meets to reach a compromise.
Stedman and other Senate leaders said their goal is to continue working with House leadership until they can reach a compromise budget that both the Senate and House can agree on, circumventing the need for a conference committee. Tilton, meanwhile, indicated she may prefer entering a special session to continue debating the budget once the regular session ends.
“It doesn’t change the revenue stream, doesn’t change the expenses, doesn’t change much at all. Thirty days later, we have the same budget sitting on the table,” said Stedman.Senate leaders were far more optimistic than Tilton about the prospect of finishing their work by the deadline.
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