A crowded field of Permanent Fund dividend ideas became even more so on Friday. From the alaskabeacon, here's where things stand right now.
Rep. Ben Carpenter, R-Nikiski, speaks to reporters during a news conference on Tuesday, March 14, 2023, at the Alaska State Capitol in Juneau, Alaska.
Legislators say none are likely to pass this year, but any one of the ideas being discussed now could emerge as the leader next year to fix an annual problem that has bedeviled the Legislature and the state for seven years. When oil prices and the Permanent Fund boomed in the 2010s, it created an odd disparity: The state was running huge deficits but paying large dividends., they voted to set up an annual, multibillion-dollar transfer from the Permanent Fund to the state treasury, effectively setting a withdrawal limit.
Most proposals for a new Permanent Fund dividend formula involve splitting that transfer in some way, reserving part for dividends and part for services.; his current draft budget relies on the obsolete 1980s formula to set the dividend.
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