Alaska Senate votes down full oil-wealth fund payout

JUNEAU, Alaska (AP) —The Alaska Senate on Tuesday narrowly voted down a full dividend payout from the state’s oil-wealth fund this year, with a prominent supporter of the proposal absent.

The 10-8 vote came after the Senate, by the same tally, adopted an amendment calling for a full payout with checks to qualified residents estimated to be around $3,000. The initial bill proposed $1,600 checks.

At least 11 votes were needed for the bill to pass.

Sen. Mike Shower, a Wasilla Republican who has supported a full payout, posted on Facebook Saturday that he would not be in Juneau because of his work...

 

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