Legislature settles on $1,300 PFD, with bonus if oil prices climb

Alaska lawmakers reached a compromise on the state budget and adjourned after a one-day special session last week, approving a $1,300 Permanent Fund dividend for this fall with the possibility of a second, smaller payment next year if oil revenues exceed projections.

The amount of the PFD and the capital budget — construction and maintenance projects in legislators’ home districts — were the final items that forced legislators into a special session after the regular session ended May 17 without a budget.

The governor called them back to work starting the next day.

While the Republican-led Hou...