The House Finance Committee is planning to debut a state budget proposal this week.
JUNEAU — High oil prices have Alaska revenue officials expecting hundreds of millions of dollars in new revenue, but the experience of a seven-year slump in prices has state lawmakers preparing to save.
In preliminary conversations, coalition members said they’re interested in saving some of the influx, even if it means reducing the Permanent Fund dividend below levels requested by Gov. Mike Dunleavy. “We need to pay our obligations, and we always should have been paying our obligation to the people,” she said.
Subcommittee work done through Friday reveals few increases in the state’s operating budget when compared to a draft proposal by Dunleavy’s administration in December. For example, school districts have asked legislators for more money. The subcommittee in charge of the budget for the Department of Education and Early Development recommended $50 million in one-time bonus funding for K-12 schools.
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