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Senate Passes Dividend Bill after House Nixes Floor

Senate Passes Dividend Bill after House Nixes Floor
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Alaska Journal | Annual budget impasse over PFD drags into June

Gov. Mike Dunleavy wants legislators to be settling the future of the Permanent Fund dividend for decades to come but first they have to decide what it will be this year.

Alaska Journal | Budget conference underway; Fund gains 25% in 10 months

Official work to finish the state’s 2022 fiscal year budget has slowed and it doesn’t appear lawmakers will give Gov. Mike Dunleavy’s plan to overhaul the Permanent Fund and constitutionalize the dividend much time in the coming weeks.

Senate passes budget, agrees to $2,300 Permanent Fund dividend

The Alaska Senate has approved its version of the state spending plan and agreed to a Permanent Fund dividend that would be the highest in state history. The Senate approved a Permanent Fund dividend payout of an estimated $2,300. But the amount is preliminary and has not been finalized.  The proposed dividend would exceed spending limits on the fund and require withdrawing $1.5 billion more from the earnings reserve than anticipated. The Alaska House and Senate now have approved versions of the state operating budget, with three negotiators from each chamber tasked with a compromise bill that includes construction projects and the Permanent Fund dividend.

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