Wednesday, April 24, 2019

Wednesday, April 24, 2019

STATE OF ALASKA: Governor Dunleavy Unveils PFD Back Pay Legislation


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State of Alaska issued the following announcement on Jan 17.

Alaska Governor Michael J. Dunleavy held a press conference unveiling two Permanent Fund Dividend-related bills focused on restoring full dividends and repaying Alaskans monies owed for years 2016, 2017, and 2018 under historic PFD calculations.

Governor Dunleavy believes we should view the PFD as a transfer under the historic calculations Alaskans have grown to trust and rely upon.

The bills work to fulfill that commitment by providing full back pay over three years, while also cementing full dividends through 2023 by prioritizing and authorizing the next four years of dividend payments. This removes the threat the PFD will once again be held as political ransom.

Original source can be found here.

Source: State of Alaska

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