The Alaska Senate Finance Committee has started hearing two new bills that would rewrite the 1982 statutory Permanent Fund dividend formula in different ways.
on Monday to encourage Alaskans to call in and support his 50-50 dividend. It would pay a roughly $2,500 dividend in 2022, growing incrementally to around $3,300 by 2030.
“Just like you don’t build a church for attendance on Christmas and Easter, you don’t pass a dividend bill based on $90 oil,” she said. “We need to find something that’s sustainable and affordable over time.” Some callers were frustrated that the perennial PFD issue has not been solved. Others felt like Alaskans have been forgotten in favor of state government spending during a tough economic situation and high inflation.
The challenge in passing a constitutional amendment is that it would require two-thirds of the Legislature to support it. It would then need to be approved by a majority of voters in November.Some legislators have been opposed to putting the dividend in the constitution with concerns that the state’s fiscal situation will again worsen. Others don’t believe the numbers don’t add up for a 50-50 PFD without major new taxes.
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