The Operating Budget
The Operating Budget passed the House on April 11th and is now on the Senate Floor for a vote. Although the House included a PFD check in the amount of $2,273, the Senate Finance Committee used the 75/25 (75% to fund services, 25% to fund the PFD) formula which is more sustainable and will provide for a balance budget required by law. The budget also includes:
• $8.9 million to improve support for children grades kindergarten through third grade
• $44.9 million for school bond debt reimbursement
• $3.5 million for 10 additional Village Public Safety Officer positions
• $3.7 million to the Council on Domestic Violence and Sexual Assault
• $2 million for 11 new positions from the Department of Law to assist with domestic violence and sexual assault cases
• $4 million to address the Anchorages homeless shelter - the facility at the former Solid Waste Services building
• $20 million in Alaska Marine Highway System backstop funding to ensure the ferry system is there for rural communities
• $7.5 million for childcare assistance
• $76. 8 million for fire suppression
• $14.9 million for the Department of Corrections
• $3 million for the Department of Commerce for Food Bank grants
• $5 million for the Alaska Seafood Marketing Institute
The Senate budget reduced the Governor's budget by $12.2 Billion and includes a $1,360 PFD (using the 75/25 split) and a $222.00 energy relief check. If oil remains at $93-95 per barrel, we will receive $500 in energy relief money in FY 26. The budget also includes:
- $680 Base Student Allocation increase
- $5.2 million for K-3 Reading (to fund the Alaska Reads Act)
- $15.1 million for Disaster Relief
- $20 million for the Alaska Marine Highway System
- $7.3 million for Pupil Transportation
- $35.1 million for Fire Suppression
- $30 million for Community Sharing (formerly called Revenue Sharing )
- $5 million for Alaska Travel Industry
- $10 million for Alaska Seafood Industry
- $5.2 million for Headstart (to match Federal Funds)
- $5 million for Senior and Disability Grants
- $15 million for reimbursement for in-home personal assistants