Alaska residents would receive checks of around $1,580 this year under the version of the state operating budget passed by the Senate on Wednesday. The check size is one of the key differences between the Senate version of the budget and one that passed the House last month.
JUNEAU, Alaska — Alaska residents would receive checks of around $1,580 this year under the version of the state operating budget passed by the Senate on Wednesday.
The check size — a combination of the yearly dividend paid to residents plus an energy relief payment — is one of the key differences between the Senate version of the budget and one that passed the House last month.checks of about $2,275 a person, including a dividend of roughly $1,650, plus energy relief payments of about $625. The Senate budget calls for a roughly $1,360 dividend and an estimated $222 energy relief payment.
Dividends are traditionally paid with earnings from the Alaska Permanent Fund, a state nest-egg seeded with oil money and grown over time through investments. People must meet residency requirements to be eligible for dividends. Debate so far over the size of the dividend has been muted compared with past years.
Both versions of the operating budget include about $175 million in additional, one-time foundation funding for K-12 schools. The legislature passed a similar one-time boost last year, but Republican Gov. Mike Dunleavy vetoed half that amount. He signaled Wednesday willingness to support the funding to help districts address “inflationary issues.
Differences between state operating and infrastructure budgets generally are resolved through a conference committee of House and Senate negotiators. The House has yet to pass its version of a state infrastructure budget.
General News AK State Wire U.S. News N Education Funding Politics Mike Dunleavy Alaska U.S. News
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