The Alaska Legislature has started preparing the budget for the upcoming fiscal year with an influx of federal funds and high oil prices anticipated to bring in around $1 billion more in revenue compared to a year ago.
With a balanced budget that doesn’t rely on federal funding, the Legislature could approve a PFD of roughly $2,000 per person, an increase of almostRep. DeLena Johnson, R-Palmer, applauded the governor’s team for the budget proposal and said at first glance that it makes sense.
“I don’t view this as a fiscally conservative budget,” he said. “I view this as a budget that spends money that we don’t quite have yet.” “Alaskans may need additional help this year,” she said about the federal relief package. “And if we can provide that to them, I don’t see why we wouldn’t.” Neil Steininger, director of the Office of Management of Budget, said $172 million would be put into savings through the governor’s budget proposal. That figure could rise if oil revenue increases, he added.
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