JUNEAU, Alaska (AP) — The Alaska House passed a state budget late Tuesday but failed to garner sufficient support for a roughly $1,100 dividend for residents this year, which was the higher of two potential payouts under the package.
Dividends typically have been paid using earnings from the state’s oil-wealth fund, the Alaska Permanent Fund. But the budget agreement that advanced from a six-member conference committee on Sunday cobbled together money for dividends from various sources, including the constitutional budget reserve fund that requires three-fourths support in each the House and Senate to tap. That so-called three-quarter vote failed Tuesday night in the House, where 30 votes were needed.
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