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You are here: Home / Rewrite of PFD formula advances to vote of full Senate

Rewrite of PFD formula advances to vote of full Senate

· May 1, 2019 ·

Skip to main Content Alaska News Alaska Life Politics Opinions Sports Talk to us SIGN IN Account Info Customer Service Sign Out ☒ Please enter a valid password. Welcome back. Sign in to your account below. Thank you for supporting local news. Need an account? Sign up Local Anchorage | Anchorage 39°F Anchorage: 39°F Subscribe Obituaries E-edition Sponsored Content Real Estate/Open Houses Alaska Legislature Author: James Brooks Share on Facebook Share on Twitter Share via Email Share on Tumblr Share on Reddit Share on LinkedIn Share on Google Plus Print article JUNEAU — A proposal to rewrite the traditional formula for the Permanent Fund dividend is advancing from committee to the full Senate, and lawmakers say it could be part of a grand compromise on long-term protections for the fund. On Tuesday morning, the Senate Finance Committee voted 5-1 to send a rewritten dividend formula to the Senate floor for consideration. As drafted, the new formula would take the annual transfer from the Alaska Permanent Fund to the state treasury and split it 50-50: Half would be reserved for dividends, the other half for government services. The dividend formula in existing law would pay about $3,000 per person this year…. Read full this story

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