Gov. Mike Dunleavy has unveiled an updated revenue forecast that shows the state can afford an expanded operating budget, pay a $3,700 PFD and still have a $3.6 billion surplus left over, but some legislators say those projections are “very optimistic.”
, pay a $3,700 Permanent Fund dividend this year and still have a $3.6 billion surplus left over, but some key legislators say those projections are “very optimistic.”
Dunleavy says the state can afford to pay his 50-50 dividend at roughly $2,500 this year, while also paying the remainder of a 50-50 dividend for last year at around $1,200 per eligible Alaskan. There would also be billions of dollars left over to save for a rainy day. Some legislators across the aisle say these forecasts are “very optimistic” and they point to a recent oil price dropRep. Neal Foster, a Democrat of Nome, manages the operating budget in the House of Representatives. Sen. Bert Stedman, R-Sitka, manages that budget in the Senate. Both men say the Legislature will use more conservative oil prices to finalize the operating budget and pay a dividend this year.
There is growing bipartisan interest in socking away some of the state’s recent oil windfall to replenish savings accounts that have been depleted over a decade of deficit spending. There are other ideas about spending some of this anticipated revenue.
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