You are the news now

THE NEWS COMMENTER

VOTE  (0)  (0)

Alaska lawmakers set oil check among at around $1,000

Added 03-29-20 01:03:02pm EST - “Alaska lawmakers early Sunday approved a budget that set this October's oil wealth fund check to nearly every single Alaskan at about $1,000, but did not approve a second dividend intended to help residents struggling with the economic…” - Washingtontimes.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Washingtontimes.com: “Alaska lawmakers set oil check among at around $1,000”. Below is an excerpt from the article.

ANCHORAGE, Alaska (AP) - Alaska lawmakers early Sunday approved a budget that set this October’s oil wealth fund check to nearly every single Alaskan at about $1,000, but did not approve a second dividend intended to help residents struggling with the economic fallout caused by the coronavirus.

Lawmakers worked into the early morning hours to approve the budget, and then took an extended recess to allow members to go to their homes in response to the coronavirus.

The Senate in its budget plan had included a $1,000 economic stimulus payment. That would have required a draw from Alaska Permanent Fund earnings beyond a withdrawal limit many lawmakers have not wanted to violate.

TOP STORIES Dr. Anthony Fauci predicts 'millions' of U.S. coronavirus cases, more than 100,000 deaths Michigan Gov. Gretchen Whitmer hit for hydroxychloroquine crackdown as debate escalates COVID-19: A crisis fit for a new world order

However, that $1,000 was stripped by a conference committee that was tasked with resolving differences between the two bills, KTUU reported.

Read more...

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

CLICK TO SHARE

BACK TO THE HOME-PAGE