AK Gov. Mike Dunleavy proposes $3,400 payment for residents amid nearly $1 billion budget gap
Fox News
Alaska Republican Gov. Mike Dunleavy has presented a budget plan that proposes paying residents a $3,400 oil-wealth dividend next year and using savings to cover a $990 million deficit.
Dunleavy blasted the federal government and groups that have challenged oil, mining and other development projects in Alaska, saying it has left the state with choices such as having to make budget cuts, tax residents and businesses, or reduce the size of the yearly dividend. Alaska has no state sales tax or personal income tax, and for years, without resolution, lawmakers have talked about the need for a fiscal plan that moves away from the boom-bust cycles of budgeting tied to the state's reliance on a volatile commodity: Oil.
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