The biggest single expense is $2.5 billion for Permanent Fund dividends — enough for a payment of about $3,860 per recipient next fall. (via AlaskaBeacon)
Alaska Gov. Mike Dunleavy speaks at a news conference on Thursday at the Alaska State Capitol in Juneau.
The biggest single expense is $2.5 billion for Permanent Fund dividends — enough for a payment of about $3,860 per recipient this fall. “There’s some definite needs that are not being addressed,” said Sen. Bert Stedman, the Sitka Republican who chairs the Senate Finance Committee on operating budget issues.
New revenue plans, such as a carbon sequestration program proposed Thursday by the governor, would require years to implement. She said the university will continue to advocate for those priorities during the upcoming legislative session.Oil accounts for between one-third and half of the state’s general-purpose revenue, depending on prices and production, and a new forecast released Thursday alongside the budget shows a significant decrease in oil revenue.
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