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The Alaska Senate could vote this week on a new formula to calculate the annual Permanent Fund dividend, though proposed amendments and lengthy debate are expected and passage of the bill is uncertain. The bill that passed the Senate Finance Committee last Thursday would set this fall’s dividend at about $2,600 per person, putting the same cash in Alaskans’ pockets as the House plan to pay out half that amount as a dividend and half as a one-time energy relief check to help Alaskans paying the price of higher heating fuel, gasoline and diesel b...
WASHINGTON (AP) — The Senate confirmed Ketanji Brown Jackson to the Supreme Court last Thursday, shattering a historic barrier by securing her place as the first Black female justice. Cheers rang out in the Senate chamber as Jackson, a 51-year-old appeals court judge with nine years experience on the federal bench, was confirmed 53-47, mostly along party lines but with three Republican votes. Alaska’s two Republican senators split on the issue. Sen. Lisa Murkowski was one of only three Republicans to vote in favor of confirming Jackson. Oth...
High oil prices driven by the war in Ukraine, tight global oil supplies and OPEC’s decision not to pump more crude are adding tens of millions of dollars per month to the Alaska state treasury. The rush of oil revenues is boosting the governor’s push for a larger Permanent Fund dividend for individual Alaskans this fall, while also fueling legislative interest to increase funding for education and deferred maintenance — or just save some of the money for the next time oil prices fall. The Alaska Department of Revenue last week issued its annua...
Gov. Mike Dunleavy and Alaska state senators said Friday they support legislation to temporarily suspend the state’s 8-cents-a-gallon tax on gasoline and also taxes marine and aviation fuels for one year, in an attempt to reduce the hit of rising fuel prices on Alaskans. No such legislation had been introduced, but Dunleavy, who is running for reelection this year, called for a suspension of the taxes to be added to a bill sitting in the House Finance Committee since last year. That bill would raise the state’s tax on gasoline by 8 cents a gal...
Ed Rasmuson, a banker and philanthropist who led Alaska's largest philanthropic organization, died Jan. 4 at age 81. He managed the Wrangell branch of the National Bank of Alaska in the late 1960s. Rasmuson was diagnosed with brain cancer about a year ago and entered hospice care three days before Christmas. His oldest daughter, state Sen. Natasha von Imhof, said he died in the company of family in Anchorage. The family said a memorial service will be held sometime in the spring. Rasmuson...
Four students have sued to force the state to maintain a designated fund that provides university scholarships, challenging a decision by the administration of Gov. Mike Dunleavy that emptied Alaska’s $410 million higher education trust fund last year. The change in policy from previous governors eliminated a source of reliable funding for college financial aid, forcing the scholarships to rely on legislative appropriations from the state general fund, same as any other state expense. The Alaska Higher Education Investment Fund provided f...
