It looked like the session was going to end without a dividend but upon further review, one legislator decided that a $1,100 PFD is better than none.
It’s likely that this whole thing could end up in the court again while Alaskans are left waiting for resolution.
“There’s certainly a lot to talk about if needed but if not that’s fine,” Wool said before the committee held the vote on the measure.
In a deeply wonky combination of last-minute maneuvering and a recent ruling, there would have been nearly twice as much money available for this year’s dividend. It would have been $1,025 instead of the $525. Right now, though, it’s zero.
Now that the state is starting to work out the basics of a new fiscal plan, the governor argues we should start paying out larger dividends even though that plan is far from a reality.
Gotta pay for that bigger PFD somehow.
A good ol’ standoff.
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.