Senate committee cuts dividend to $1,000

Senate committee cuts dividend to $1,000

Amid a severe state budget deficit, the Alaska Senate Finance Committee is proposing the lowest Permanent Fund dividend in five years and — if adjusted for inflation — the lowest dividend ever. On May 1, the committee unveiled a new version of its proposed state operating budget with a $1,000 dividend, a $400 reduction from its first draft. That cut reduces the Senate’s budget draft by $265 millio...