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Stedman-Press

NEWS: Senate Passes a Balanced Budget with an $84.2 Million Surplus

Press, Stedman-Press, Stevens /

JUNEAU – Today, the Alaska Senate passed House Bill 39, Fiscal Year 2024 operating and capital budgets. The Senate’s version of the budget increases education funding outside the formula by $174.9 million – the single largest increase in state history, provides Alaskans with a $1,300 permanent fund dividend, and leaves the state with a $84.2 […]

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NEWS: Senate Finance Introduces Operating and Capital Budget Substitutes

Hoffman-Press, Press, Stedman-Press /

JUNEAU – The Senate Finance Committee introduced a committee substitute for the state’s operating budget this afternoon. The new committee substitute provides a permanent fund dividend consistent with a 75/25 percent of market value (POMV) split of the annual earnings, translating to an approximate $1,304 dividend. The committee substitute also increases the funds going to

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