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Governor Dunleavy proposes amendments to Alaska Constitution to strengthen Permanent Fund Dividend

Governor Dunleavy proposes amendments to Alaska Constitution to “strengthen” Permanent Fund Dividend Alex Bengel © Provided by Fairbanks KTVF With one week left until the regular session ends, Gov. Mike Dunleavy unveiled a proposal to put a new Permanent Fund dividend formula in the constitution alongside a program that reduces power bills in rural Alaska. FAIRBANKS, Alaska (KTVF) - The governor of the State of Alaska has taken steps that he believes will protect the Permanent Fund Dividend (PFD) for future generations. This year, Mike Dunleavy proposed an amendment to the Alaska Constitution. On Wednesday, May 15th, the Senate Judiciary Committee revised the amendment, one of three proposed by the governor, and put forward a new version at the governor’s request.

United statesState of alaskaLouise stutesDelena johnsonMike dunleavyPeter miccicheSenate judiciary committeePermanent fund dividendPermanent fundMarket valueHouse louise stutesSenate president peter miccicheState houseநியாயமான வங்கிகள்ஒன்றுபட்டது மாநிலங்களில்நிலை ஆஃப் அலாஸ்கா

Alaska governor proposes dividend, oil-wealth fund plan

Alaska governor proposes dividend, oil-wealth fund plan by Becky Bohrer, The Associated Press Posted May 12, 2021 8:56 pm EDT Last Updated May 12, 2021 at 8:58 pm EDT JUNEAU, Alaska (AP) Alaska Gov. Mike Dunleavy proposed Wednesday what he called a step toward a broader fiscal plan that includes placing in the state constitution a new formula for the annual check residents receive from Alaska’s oil-wealth fund. The proposal, released a week before the scheduled end of the legislative session, also would restructure the Permanent Fund, rolling its spendable earnings reserve into the fund’s constitutionally protected principal, and place in the principal an endowment used to help communities with high electricity costs.

United statesLouise stutesMike dunleavyBecky bohrerBill wielechowskiPermanent fund dividendsSenate majority leader shelley hughesAssociated pressPermanent fundPower cost equalizationSpeaker louise stutesKodiak republicanMajority leader shelley hughesPalmer republicanAnchorage democratஒன்றுபட்டது மாநிலங்களில்

Dunleavy eyes new Perm Fund plan

JUNEAU â Alaska Gov. Mike Dunleavy proposed Wednesday what he called a step toward a broader fiscal plan that includes placing in the state constitution a new formula for the annual check residents receive from Alaska s oil-wealth fund. The proposal, released a week before the scheduled end of the legislative session, also would restructure the Permanent Fund, rolling its spendable earnings reserve into the fund s constitutionally protected principal, and place in the principal an endowment used to help communities with high electricity costs. Dunleavy said the multibillion-dollar earnings reserve and the Power Cost Equalization endowment are at risk of being spent down and that the proposal would help settle long-running debates over issues that have become political footballs.

United statesLouise stutesJesse kiehlMike dunleavyBill wielechowskiPermanent fund dividendsSenate majority leader shelley hughesPermanent fundPower cost equalizationSpeaker louise stutesKodiak republicanMajority leader shelley hughesPalmer republicanJuneau democratAnchorage democratஒன்றுபட்டது மாநிலங்களில்

Governor unveils new Permanent Fund proposal, joining legislators to resolve the dividend debate

Governor unveils new Permanent Fund proposal, joining legislators to resolve the dividend debate Maguire Maguire © Provided by Anchorage KTUU-TV With one week left until the regular session ends, Gov. Mike Dunleavy unveiled a proposal to put a new Permanent Fund dividend formula in the constitution alongside a program that reduces power bills in rural Alaska. JUNEAU, Alaska (KTUU) - With one week left until the regular session ends, Gov. Mike Dunleavy has unveiled a proposal to put a new Permanent Fund dividend formula into the Alaska Constitution alongside a program that reduces power bills in rural Alaska. Dunleavy said the PFD has dominated debate in the Legislature for years and has taken the oxygen out of the room.

United statesLouise stutesLyman hoffmanDelena johnsonMike dunleavyLucinda mahoneyBert stedmanPeter miccicheRepublican senatePower cost equalization fundDepartment of revenueSenate finance committeeDepartment of correctionsAlaska permanent fundPermanent fundAlaska constitution

House-approved budget advances to Senate

The spending plan includes an amendment to restrict publicly funded abortions that passed by three votes. The House voted 23-16 to adopt a $4.2 billion budget in unrestricted general fund spending. ItÂ would be funded from taxes andÂ Alaska Permanent Fund revenues.Â The spending plan will beÂ augmented by one-time federal money related to the Covid-19 pandemic that includes assistance for communities, small businesses and the summer tourism industry. Details on the federal assistance are being worked outÂ under guidance from the U.S. Treasury Department. âThis is a fiscally conservative budget that protects Alaskaâs savings and low-tax fiscal climate for businesses and individuals,â said Rep. Kelly Merrick, an Eagle River Republican who co-chairs the House Finance Committee.Â

United statesChris kurkaLouise stutesMike dunleavyKelly merrickIvy sponholzHigher education fundHouse finance committeeAlaska house coalitionHouse coalitionAlaska permanent fundUs treasury departmentEagle river republicanHouse financeSpeaker louise stutesKodiak republican

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