The Latest: Official: Gov plans to pursue dividend back pay
JUNEAU, Alaska (AP) — The Latest on the Alaska budget draft (all times local):
Alaska’s revenue commissioner says Gov. Mike Dunleavy plans to pursue his goal of repaying Alaskans money they missed out when checks from the state’s oil-wealth fund were capped.
During the campaign, Dunleavy said he supported paying residents a full Alaska Permanent Fund Dividend and money they missed out on when payouts the last three years were reduced amid a state budget deficit.
Dunleavy proposed a full dividend as part of his budget draft released Friday.
Revenue Commissioner Bruce Tangeman says repayments are likely to be a big issue and may require separate legislation. He says that Dunleavy has been clear that this is a big issue for him.
Gov. Mike Dunleavy’s initial budget draft includes a full payout from Alaska’s oil-wealth fund for residents next year, but not money Alaskans missed out on during the three years checks were capped.
The draft was described as a starting point released ahead of a Saturday deadline that works off the budget document that Gov. Bill Walker’s administration pulled together before Walker left office.
But Dunleavy’s draft relies on a more conservative oil price. With the full dividend payout, his budget office says the draft would leave a projected $1.6-billion gap. Walker didn’t include a full dividend.
During the campaign, Dunleavy said he supported paying residents a full Alaska Permanent Fund Dividend and money they missed out on when payouts were reduced amid a deficit.
He also promoted reducing state spending.