By Sean Maguire
Anchorage Daily News 

House, Senate versions of state budget match on school funding increase

 


The Alaska Senate rolled out its latest version of the operating budget on April 26, with a $1,300 Permanent Fund dividend, a $175 million one-time boost for public schools and a $90 million surplus to cover contingencies or if oil prices drop.

The 17-member bipartisan Senate majority caucus — unlike the House Republican-led majority — has insisted that lawmakers should not draw from state savings to balance the budget.

Following gloomy revenue projections last month, the House spending plan — with a $2,700 dividend — was projected to create a $600 million deficit, which would further balloon...



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