The Legislature is already ahead of schedule on the budget.
Senators voted against closing debate on the bill during a stalemate over floor amendments, sending the bill into uncertainty. Murkowski hoped it would prove small-scale nuclear reactors would work for Alaska.
The Dunleavy administration tried to make the case that breaking the spending limit on the permanent fund’s earnings to repay last year’s PFD isn’t the end of the world.
Coronavirus-induced market panics have erased billions of dollars in value from the Alaska Permanent Fund, oil has plummeted amid a emerging price war between Russia and the Saudis, and the summer tourism industry could be slammed with cancellations, putting the pinch on nearly every corner of Alaska.
Time doesn’t heal all wounds, and neither does a status quo budget.
It finally happened.
Here’s how the remarkably speedy process came together.
It didn’t help that state officials struggled mightily to explain the decision to skirt the state’s competitive bid process or what, precisely, Clark Penney has been doing for the state.
Hall and Conkling argue in support of pending alcohol tax vote in Anchorage, writing “To those of us that see these challenges firsthand, there is no denying that these additional resources will make a difference.”
The Alaska Permanent Fund Corporation says it could have been far worse.