Alaska House plans to turn attention to dividend debate
March 12, 2020
JUNEAU, Alaska (AP) — House lawmakers plan to turn their attention to the check residents receive from Alaska's oil-wealth fund and begin reviewing proposals that would change how the Permanent Fund dividend is calculated.
Whether any new formula can be agreed upon is unclear. Debate over the size of the dividend has dominated recent legislative sessions.
Many lawmakers believe the existing formula, last used in 2015, is unsustainable and at odds with a law seeking to limit withdrawals from Permanent Fund earnings for government costs and dividends. The state in 2018 began using earnings...