Alaska Legislature set to approve a $1,650 PFD and energy relief check

Sens. Donny Olson, D-Golovin, Bert Stedman, R-Sitka, and Lyman Hoffman, D-Bethel, sign the final conference committee report, which advances the budget to a final vote. Reps. Dan Ortiz, I-Ketchikan, DeLena Johnson, R-Palmer, and Bryce Edgmon, I-Dillingham, watch on in Juneau on May 14, 2024.

The Senate had followed the 75-25 formula, where three-quarters of an annual draw from the Permanent Fund goes to state services, and one quarter goes to the dividend. Following that formula, the PFD would be roughly $1,360 per person.Using additional oil revenue, the conference committee agreed to a roughly $295 energy relief check on top of the Senate’s PFD for a combined check of around $1,650. The check is typically paid to Alaskans in October.

Sitka Republican Sen. Bert Stedman, who manages the operating budget in the Senate, said the state was expected to be roughly $100 million in surplus for the fiscal year that ends June 30. If those funds are not spent before then, they would be deposited into the state’s main $2.7 billion savings account.

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Alaska Senate rolls out operating budget with roughly $1,300 PFD plus energy relief checkSen. Bert Stedman said the state has been 'blessed' the last couple of years by high oil prices — but warned high prices won't last forever.
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Alaska Senate rolls out operating budget with roughly $1,300 PFD plus energy relief checkThe Senate’s operating budget chair, Sen. Bert Stedman, R-Sitka, said the state has been “blessed” the last couple of years by high oil prices. But Stedman warned that high prices won’t last forever.
La source: KTOOpubmedia - 🏆 439. / 53 Lire la suite »