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Alaska Legislature passes bill addressing dividend, vetoes

 

August 1, 2019



JUNEAU, Alaska (AP) — The Alaska Legislature on Monday approved a roughly $1,600 oil-wealth fund dividend to residents this year as part of a measure that also seeks to reverse many of Gov. Mike Dunleavy’s operating budget vetoes.

The legislation now goes to Dunleavy, who called it “a dark day for the PFD and for Alaskans who support the PFD and for those that are looking at a sustainable budget. These add-backs take us in the other direction.”

PFD refers to the Permanent Fund dividend, which is traditionally paid annually with earnings of the oil-wealth fund, the Alaska Permanent F...



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