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. It would be funded from taxes and Alaska Permanent Fund revenues.Â
The spending plan will be 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 out 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
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Alaska’s first plan to spend $1 billion in federal aid is being scrapped Published 1 day ago
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Print article JUNEAU Members of the Alaska Legislature are preparing to scrap a plan to use hundreds of millions in federal economic aid after new guidelines released Monday by the U.S. Department of the Treasury made the idea unaffordable. The first-draft plan proposed by members of the state House would have spent about $700 million this year to boost the Permanent Fund dividend, on infrastructure, and aid for tourism, nonprofits and some businesses. Funding would come from $1 billion Alaska is expected to receive from the American Rescue Plan passed by Congress in March. The remaining $300 million would have been saved for next year.