Weather Alert

Alaska House backtracks on full dividend vote

JUNEAU, Alaska (AP) – The Alaska House’s populist vote to pay Alaskans the full amount for their oil-wealth fund checks has been undone.

Lawmakers rescinded the vote Friday after debate over Alaska Permanent Fund dividends derailed efforts to pass a state operating budget.

Rather than a full payout, estimated at about $2,650, lawmakers voted for a $1,600 dividend this year.

Monday’s vote for a fully funded dividend, held during a drawn-out budget debate, split the House majority and spurred minority Republicans to seek bigger budget cuts to win over their members.

A handful of majority members who supported a full dividend Monday backed undoing that vote Friday.

The size of the oil check was cut roughly in half the last two years amid gridlock over Alaska’s budget deficit.

The post Alaska House backtracks on full dividend vote appeared first on Newstalk 750 – 103.7 KFQD.


Connect With Us Listen To Us On