JUNEAU, Alaska - , the committee plans to reduce the size of the Permanent Fund Dividend that the House is proposing, and the committee is taking on the lingering maintenance of equity issue the state is tangled up with the federal government.
However, more than $5.5 million is still owed to comply with the 2023 maintenance of equity requirement. “When we look at the two bills — which I’ve got to blend together — I think the other body is about $125 million in the hole when we take into account the capital budget, our entire spending plan ... operating budget, mental health budget, all expenditures were overspent by $126 million, and we’ve got to fill that gap,” Stedman said.
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