While a number of economists have pushed Alaska lawmakers to bring revenues in line with spending over the past few years, many now agree that setting aside normal fiscal discipline during the pandemic is justified.
"Alaska PFDs"
Dunleavy vetoes budget items with plan to replace majority of cuts with federal funds
Gov. Dunleavy said the vast majority of the money he vetoed will be replaced with funding under the federal CARES Act.
As Legislature looks to pass budget and coronavirus response, oil prices plummet
The state wouldn’t have enough money in the Constitutional Budget Reserve to pay the roughly $3,000 PFD using the formula in state law.
Lawmakers, Alaska Permanent Fund trustees differ on how to protect reserve
Alaska’s legislative leaders say the state’s ability to spend down fund earnings is a political dilemma, at a time when Gov. Mike Dunleavy and some legislators want to pay back the amounts PFDs have been cut.
Dunleavy wants to pay back cuts to PFDs, but lawmakers are skeptical
Lawmakers have proposed changing the dividend formula. And Gov. Mike Dunleavy says he wants to engage in discussions about what the PFD will be in the future. But he says that doesn’t change what Alaskans should receive under the current law.
After years of debating major proposals to close Alaska’s budget gap, the session starts quietly
So far in this legislative session, there are no major proposals being openly debated that would close the budget gap.
Dunleavy, legislators search for solutions to Alaska’s budget gap
After thinking about it for a year, Gov. Mike Dunleavy says he’s not opposed to putting budget cuts to a vote of the people.
Four Alaskans win cash prizes in first-ever PFD education raffle
The raffle is designed to raise money for K-12 education by allowing Alaskans to donate a portion of their permanent fund dividends to enter.
Senate leaders share interest in a new formula for ‘sustainable’ PFD
Permanent fund dividends used to be calculated using a formula set out in a 1982 law. But after oil prices fell five years ago, things changed.
Dunleavy calls for lottery, dividend-land exchanges in State of the State address
Gov. Mike Dunleavy proposed introducing a state lottery, calling it an “innovative new approach to revenue” for the state.