“Next week, we could be up another 17%, 20% in oil prices and revenue, depending on the chaotic conditions in the world. We could be down 20%. So this, again, is a beginning budget and we look forward to the discussions,” Dunleavy said. From AlaskaBeacon
Alaska Gov. Mike Dunleavy speaks at a news conference on Thursday, Dec. 15, 2022, at the Alaska State Capitol in Juneau.
The biggest single expense is $2.5 billion for Permanent Fund dividends — enough for a payment of about $3,860 per recipient this fall. “There’s some definite needs that are not being addressed,” said Sen. Bert Stedman, the Sitka Republican who chairs the Senate Finance Committee on operating budget issues.
New revenue plans, such as a carbon sequestration program proposed Thursday by the governor, would require years to implement. She said the university will continue to advocate for those priorities during the upcoming legislative session.Oil accounts for between one-third and half of the state’s general-purpose revenue, depending on prices and production, and a new forecast released Thursday alongside the budget shows a significant decrease in oil revenue.
“For me to put a number in the budget, some would say it’s too little, some would say it’s too much,” he said. “Right now, it’s a blank piece of paper for all of us to work on.”
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Dunleavy offers $7.3 billion Alaska budget, opening negotiations with wary legislatorsThe biggest single expense is $2.5 billion for Permanent Fund dividends — enough for a payment of about $3,860 per recipient next fall. (via AlaskaBeacon)
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