In April the state House passed a budget featuring a $2,700 Permanent Fund Dividend payment for qualifying Alaskans, based in part on the so-called 50-50 plan.
JUNEAU, Alaska - With the Alaska Legislature session quickly heading toward the 121-day mark, the House and Senate chambers are yet to pass a state budget for the upcoming fiscal year. It’s a looming deadline set to expire in less than a week.
According to Sen. Bert Stedman, co-chair of the Senate Finance Committee, the House’s budget as it stands would create an $800 million deficit. On Thursday, the Senate Majority discussed changes in its new version of the budget to include potential revenue for the Constitutional Budget Reserve — the state’s savings account — and a possible energy relief dividend to be paid out in the fall of 2024. Those revenues, however, would be completely dependent on future oil prices.
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