Dunleavy uses veto pen to cut $232 million from FY 25 budget, PFD finalized

(The Center Square) – Alaska Gov. Mike Dunleavy vetoed a combined $232 million from the operating and capital budgets.

After the $105.7 million in cuts from the operating budget, it totals $12.2 billion. The capital budget is $3.5 billion after $126.3 million in vetoes.

Alaskans will receive a permanent fund dividend of $1,718, according to information from the governor’s office.

Dunleavy accepted an increase in the base student allocation that he vetoed earlier in the year in the budget. The $680 per student is a one-time increase, according to information from the governor’s office.

The most significant cut is to the community assistance fund, which Dunleavy said he vetoed to “preserve general funds for savings and fiscal stability. Thirty-thousand dollars in payments set to be doled out this month are not affected, the governor said.

- Advertisement -

The budget includes $87.5 million for the University of Alaska operations and deferred maintenance.

Ten additional village public safety officers will be hired at a combined cost of $3.5 million. The governor also kept $9.5 million to replace a patrol vessel for southeast Alaska that responds to emergencies and protects the state’s coastline.

“The framers of Alaska’s Constitution codified a strong chief executive to ensure responsible budgeting,” Dunleavy said. “This budget reflects their intentions. By maintaining focus and fiscal discipline, this budget increases funding where it is needed most while at the same time reducing total Unrestricted General Fund spending.”

The Alaska House Majority said in a news release it looks forward to reviewing the governor’s plan.

“The House Majority caucuses priorities aligned with the Governor’s office on the importance of education funding through a one-time $680 BSA increase as well as funding to transportation and major maintenance funding,” said House Speaker Cathy Tilton, R-Wasilla. “Additionally, it is great to see funding remained for critical departments like Public Safety, Corrections, and Health.” Speaker Tilton added, “Energy remains an important issue for all Alaskans so it’s good to see that funding of $353 million for critical infrastructure and energy such as the Electrical Emergency program, upgrades to rural energy systems and electrical grid resilience and reliability systems was maintained.”

The House Majority said it will comment further in the next few days.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Policy analysts: Future of deficit reforms unknown

Some Republicans have recently introduced bipartisan legislation in the...

Chicago mayor announces homelessness plan with unclear funding sources

(The Center Square) – Chicago officials unveiled a plan...

Mass Deportation Coalition proposes solutions for Trump admin to implement

(The Center Square) – A group of immigration law...

Everyday Economics: An inflation problem that could get harder to ignore

Last week’s jobs report looked reassuring at first glance....

Firefighter age bill stalled despite union backing

(The Center Square) – A proposed Illinois bill aimed...

Second American pilot rescued in ‘daring’ mission inside Iran

A second American pilot who was shot down over...

Jewish students can’t sue Northwestern over antisemitic protest response

Jewish students can't sue Northwestern University for failing to...

More like this
Related

Policy analysts: Future of deficit reforms unknown

Some Republicans have recently introduced bipartisan legislation in the...

Chicago mayor announces homelessness plan with unclear funding sources

(The Center Square) – Chicago officials unveiled a plan...

Minority of Texas State Board of Education members have taught in public schools

(The Center Square) – As State Board of Education...

Mass Deportation Coalition proposes solutions for Trump admin to implement

(The Center Square) – A group of immigration law...