JUNEAU, Alaska (AP) — Alaska budget negotiators reached a tentative agreement Sunday on a state spending package that includes an estimated $1,100 dividend for residents this year.
But the check size could be cut to $525 a person if the House or Senate fails to muster sufficient support surrounding use of budget reserve funds to help pay for the dividends, according to information provided by the Legislative Finance Division.
Dividends have typically been paid using earnings from the state’s oil-wealth fund, the Alaska Permanent Fund. But the budget compromise reached Sunday would cobble together money for dividends from various sources, including the constitutional budget reserve fund that requires three-fourths support
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