The proposal would cover state services for 12 months starting July 1 and includes a $2,700 Permanent Fund dividend but is subject to further negotiation.
"Alaska budget"
To help state budget, legislator proposes income tax: $20 for most Alaskans, more for those with upper incomes
The would tax Alaskans 2% of any annual income above $200,000. Any income tax could be automatically deducted from that year’s Permanent Fund dividend.
Looming state deficit encourages Alaska House lawmakers to quash budget additions
House legislators make few additions to their spending plan as they work through a second day of amendments.
Alaska lawmakers pitch ways to close budget gap from sales tax to cutting oil tax credits
A revenue forecast released last week estimated the state has a shortfall of more than $450 million heading into the next fiscal year.
Alaska legislators prepare to talk taxes after grim new oil revenue forecast
A proposed oil tax increase and a new statewide sales tax are in the offing for debate within the state Capitol.
Alaska House votes more funding to fix food stamp crisis, prevent budget trouble
The bill passed 38-1, with only Rep. David Eastman, R-Wasilla, opposed.
Even with a slimmer Permanent Fund dividend, low oil prices generate deficits in Alaska
Lawmakers say they’re prepared to spend from savings to cover the gap in the current fiscal year, but the picture for the next fiscal year is unclear.
After years of contentious fights, Alaska’s state budget is advancing smoothly in the House
House subcommittees made few changes to a proposal authored by Gov. Mike Dunleavy.
Gov. Dunleavy’s proposed budget continues years-long trend of flat funding for Alaska schools
Alaska school districts have decried the continued flat funding, saying it’s leading to large budget deficits.
Oil price drop endangers plan to fund Alaska schools a year early
Revenue officials say they expect the average annual price to drop to $91.96 per barrel by the end of the fiscal year.