HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Places » U.S. » Alaska (Group) » Biggest budget item in Al...

Fri May 10, 2019, 05:14 AM

Biggest budget item in Alaska history awaits lawmakers' verdict

JUNEAU ó Itís enough money to buy 24 National Hockey League teams. It might be just enough to keep paying a Permanent Fund dividend.

Two weeks ago, the Alaska Senate voted to put $14 billion into the constitutionally protected portion of the Alaska Permanent Fund. On Monday, the Alaska House Finance Committee approved a smaller, $8 billion deposit.

If either move is approved by the Legislature, it would be the largest single appropriation in state history.

The decision wonít significantly affect this yearís budget or this yearís Permanent Fund dividend, but it may have major effects on future dividends and future budgets. In the final week of the regular session, the debate about this line item may matter more for the future of Alaska than anything else on the Legislatureís agenda this year.

Read more: https://www.adn.com/politics/alaska-legislature/2019/05/09/biggest-budget-item-in-alaska-history-awaits-lawmakers-verdict/
(Anchorage Daily News)

0 replies, 580 views

Reply to this thread

Back to top Alert abuse

Reply to this thread