- Associated Press - Wednesday, June 15, 2016

ANCHORAGE, Alaska (AP) - Gov. Bill Walker is urging state House lawmakers to pass a bill to use Alaska Permanent Fund earnings to help counter the state’s multibillion-dollar deficit.

Walker told reporters Wednesday that concerns over tapping into people’s yearly dividend payouts will only worsen if nothing is done. The measure has passed the Senate but faces uncertain prospects in a divided House, which is set to meet Thursday as the current special session winds down.

The permanent fund measure is the centerpiece of Walker’s comprehensive fiscal plan and would change how the annual dividend to most Alaskans receive are calculated, limiting them to $1,000 the next three years.

Walker has said he doesn’t expect to get the fiscal plan he wanted this year.

The special session is set to conclude next Tuesday.

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide