House Finance adds $444 million in spending, strips PFD by 2/3

click on the photo for the full story

The House Finance Committee took House Bill 2001, which was written by the Rules Committee specifically to pay $1,600 Permanent Fund dividends to Alaskans…

"An Act making a special appropriation from the earnings reserve

account for the payment of permanent fund dividends; and

providing for an effective date."

…and the committee hoisted a substitute amendment that stuffed $444 million in spending into it, every cent of spending that Gov. Michael Dunleavy had vetoed out of the operating budget for the fiscal year that began July 1.

[Read the House Finance substitute that reverses the vetoes]

The dividend amount remaining would be about $929 per eligible Alaskan.

All in a day’s work.

Sponsored Content

Sponsored Content