The House bill could provide the basis for breaking the current impasse over the budget and permanent fund dividends. But it’s unclear how much support there is for the bill in the Legislature.
Senate Bill 103 would split the annual draw from permanent fund earnings evenly between dividends and state government.
Sen. Natasha von Imhof says the combination of splitting the Alaska Permanent Fund draw and limiting spending would allow PFDs to grow over time.
The state Senate’s budget plan drops the Base Student Allocation by $300 per student, from the current level of $5,930.