The plan would reduce future dividends and increase the risk the account could be zeroed out.
This year legislators are facing competing, often incompatible interests. Will they take the easy way out again?
Anchorage Democratic Sen. Bill Wielechowski’s taking the lead on the repayment of reduced and vetoed PFDs.
Dunleavy said he’s considering a project to put more public land into private ownership, but it would be separate from the PFD.
The bill restructures the permanent fund to pay for government, formalizing what the Legislature was already planning on doing. Some say it’ll act like a spending limit, others worry it’ll be easily ignored.
It’s the latest the budget has ever passed the House since the creation of the 90-day session.
Instead, legislators voted to support a $1,600 dividend.
The amendment would add about $900 million to the state operating budget.
Legislation passed the House last year that would allow people with overturned convictions to apply for missed dividends. It has not yet had a hearing in the Senate.
Testifiers misunderstood the proposal, backers say.