Please disable your adblock and script blockers to view this page

Alaska budget woes prod debate over oil-wealth fund checks


AP
Bowens
K-12
State
flowed.“Alaska
Alaska Permanent Fund Corp.
the Alaska Permanent Fund
Legislature
House
GOP
Senate
Dunleavy
the Washington, D.C
Institute on Taxation and Economic Policy
The Board of Regents


Daniel Bowen
Mike Dunleavy
Cliff Groh
Eric Wohlforth
Angela Rodell
CEO.Carl Davis
Bruce Tangeman
Larry Persily


Republican
Republicans
Democrats
Alaskans


the Kenai Peninsula south
native Michigan
North Slope
Prudhoe Bay

No matching tags


JUNEAU
Alaska
Anchorage
Seattle

No matching tags

Positivity     40.00%   
   Negativity   60.00%
The New York Times
SOURCE: https://apnews.com/452d2d0431f544be9abc7de32169a58a
Write a review: Associated Press
Summary

Lawmakers had long limited use of earnings to such things as fortifying the fund and paying dividends based on an average of fund income over five years.But last year, after going through billions of dollars in savings and at odds over taxes and further budget cuts, lawmakers began using earnings to help pay for government and sought to restrict what could be withdrawn for dividends and government.Alaska has no state sales or personal income taxes.Dunleavy, a Republican, says a longstanding dividend calculation that hasn’t been followed for three years should be followed until it’s changed. He sees no conflict between paying a dividend and taxing residents.While some Democrats want to debate oil taxes and whether companies are paying enough, Dunleavy has focused on cutting a budget he considers unsustainable.There would not be an “honest discussion” about spending if tax bills also were being introduced, said Dunleavy’s revenue commissioner, Bruce Tangeman.Dunleavy vetoed more than $400 million, riling critics who say it’s too much, too fast and prompting public outrage that is fueling a recall attempt.

As said here by BECKY BOHRER