For the second year in a row, the Alaska Legislature passed a balanced budget that stays within Alaska’s income and avoids drawing from our savings. The Fiscal Year 2025 capital and operating budgets include:
· A dividend of $1,655 paid to every Alaskan this fall, which includes a $295 energy relief payment approved in the FY24 budget
· Any additional revenue will be split between an energy relief payment next fall and the State’s savings accounts
· $80 - $100 million in surplus after funding the operating and capital budgets that didn’t require taxing hard working Alaskans
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Education
· $175 million in one-time funding for statewide K-12 education which will help keep Kenai Peninsula schools open, maintain educational programs like voc-ed, and keep pools and theaters open for student and community use
· $7.3 million for pupil transportation
· $5.2 million to support the Alaska Reads Act for K-3rd graders
· $5.5 million to backfill the FY22 underfunding of the KPBSD by the Alaska Department of Education as required by maintenance of equity provisions from the federal government
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Seniors and disabled Alaskans
· $3 million for senior citizen services including meals-on-wheels and transportation
· $245,000 for improvements to senior centers in Kenai, Nikiski, and Sterling
· $10 million to increase reimbursement rates for in-home and personal care assistants to help senior and disabled Alaskans stay in their homes
Protecting Alaska’s rights
· $500,000 in additional funds for the Statehood Defense Fund to challenge Federal overreach of Alaska’s waters, lakes, and submerged lands
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Public Safety
· $846,000 in emergency and emergency response improvements in Cooper Landing, Funny River, Bear Creek, and Moose Pass
· $945,000 for improvements to wastewater and solid waste infrastructure in Kenai and across the Borough.
· $3.7 million for grants to 34 programs across the state that provide shelter and other services to victims and others impacted by domestic violence and sexual assault.
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I’m thankful that my colleagues in the Legislature and I were able to put together a budget that funds necessary services, stays within our means, and provides for infrastructure that will create additional economic opportunity for decades into the future.
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