It can be added, but as of right now there’s no vehicle to pay out this year’s PFD on the table—or restore the Power Cost Equalization program.
Care about the future of the PFD? The future of the state services? The future of taxes? Or how about whether there’ll even be a future?
A good ol’ standoff.
The state foregoes more than $1 billion a year in revenue due to dozens of credits and exemptions set in state law.
Dunleavy had hoped to keep $4 billion ready to spend but a screw up with the budget means that money will be socked away forever.
The budget now heads to the governor.
Money fixes all problems.
In a remarkable turn, two of the Senate’s Republican leaders—Sens. Shelley Hughes and Mia Costello—turned on the budget deal that their own caucus’ budget negotiators had reached.
The dividend is set at $525 as dozens of other programs face an uncertain future.
While rejecting the three-quarter vote in years past may have spared the far-right Republicans the pain of their actions, today’s plan seeks to make the consequences of the failed vote felt widely. Not only would the dividend be cut in half but tens of millions of dollars designed for projects in the Mat-Su—everything from road repaving and road access to repairs to the Houston Middle School and the roof of the Palmer Veterans’ and Pioneers Home—would be halted.