On Tuesday, House minority members raised concern over House Finance’s budget proposal to pay out a more than $2,200 PFD, and the impact it would have on funding for education and some other essential services.
, including a $2,272 Permanent Fund dividend, House Minority members raised concern Tuesday, as they said to expect amendments as well as their support for the Senate’s lower $1,360 PFD proposal.
“Many of you know that we started with a full statutory dividend, which would leave us over a billion dollars in deficit spending,” Johnson said. “One of the goals that we started this process with was to make sure that we had a balanced budget so we didn’t make it to a 50-50 but it does represent the third largest dividend in Alaska’s history.”
So far, some committee members have argued a $200 million surplus from higher oil prices the last couple of budget years paired with the House’s draft plan projecting another $152 million surplus next budget year makes the combined $2,272 PFD-energy relief check possible. “I personally would rather see a steady 25% dividend out to the public than in a year or two years, we have no dividend at all,” Stedman said. “And that’s what we run the risk of doing is eliminating the dividend by overextending our finances continually to pay off something that we know that we can’t maintain.”
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