OMG: Bait-and-switch House Finance PFD bill hearing Thursday

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House Finance Committee has introduced a bill that would give Alaskans their full $3,000 Permanent Fund dividend this year — but there are a few hitches.

The bill changes the formula going forward and would cut future dividends in half.

HB 1005 would pay some of the dividend out of the Constitutional Budget Reserve fund this year, which means it’s no longer a dividend from the Permanent Fund at all, but is simply a cash payment to Alaskans.

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