Group releases recommendations for Alaska fiscal policy

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JUNEAU, Alaska (AP) — A comprehensive fiscal policy for Alaska “must be negotiated and agreed to as whole” and not taken up piecemeal, according to a report from a legislative working group that was charged with making recommendations for the special session that opened Monday.

Pieces the report said the group agreed to as necessary parts of a comprehensive approach include restructuring Alaska’s oil-wealth fund and limiting what is drawn from it and providing constitutional certainty for a dividend for residents.

Other elements include a new dividend formula; new revenues; budget cuts and a “healthy” state infrastructure budget, as well as spending cap revisions and possible changes in how the

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