Lack of agreement on the size of the Permanent Fund dividend threatens to derail the Alaska Legislature’s plan to end their work on time. If lawmakers do not pass a budget by Wednesday, they could be forced to enter a special session.
The budget conference committee meets in the state capitol in Juneau, Monday, May 16, 2022.
The Senate budget, which was rejected by the House on Saturday, included $5,500 in payments to Alaska residents. The House version of the budget included half that amount in payments. In a meeting Monday afternoon, committee members quickly agreed on several budget items. But the dividend, which is widely agreed to be the main sticking point in the budget process, wasn’t brought up. The committee is expected to meet again Tuesday morning.
Stedman and Bishop have been vocal opponents of the $5,500 in payments — divided between a full statutory $4,200 dividend and $1,300 in one-time energy assistance checks. The plan would have cost the state more than $3.5 billion and forced the state to spend most of the revenue windfall is gained due to higher oil prices attributed to the war in Ukraine.But on Monday, committee members were tight-lipped about the dividend amount that would emerge from their work.
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