Legislative budgeters say Dunleavy's proposed 2024 Permanent Fund dividend is a no-go

Leading Alaska legislators said last week that there’s little appetite for spending from savings to pay a super-sized Permanent Fund dividend this year, likely killing a proposal from Gov. Mike Dunleavy.

In December, the governor proposed spending almost $2.3 billion on a dividend of roughly $3,500 per recipient under a formula in state law. That would result in a $1 billion deficit and require spending from the state’s Constitutional Budget Reserve, but as a draft budget takes shape in the House, top members of both the House and Senate said they’re unlikely to spend from the reserve this yea...