Alaska lawmakers are considering payments of ~$2,600 for residents this year — but the ways they could arrive at that sum vary. Under one proposal, it's a $2,560 PFD using a new formula. Under another, it's a $1,280 dividend plus a $1,300 'energy rebate.'
that lawmakers should work toward a 50-50 formula by raising revenue and cutting spending.
For members of the House majority, the question has shifted: Is a 50-50 sustainable for more than one year, and would paying it this year create a false expectation? That sustainability matters to lawmakers: In 2014, plunging oil prices created a tug-of-war for funding between dividends and services that resulted in the obsolescence of the state’s old formula for paying dividends. Since 2016, state lawmakers have set the dividend by fiat. An Alaska Supreme Court decision supports their legal ability to do so and ignore the old formula, which remains in state law.
Rep. Ben Carpenter, R-Nikiski, talks to members of the Alaska House of Representatives on Tuesday, April 5, 2022.
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