Lower oil prices, budget deficits drive spending cuts, smaller dividends

Lower oil prices, budget deficits drive spending cuts, smaller dividends

As Alaska lawmakers confront a major budget deficit, disagreements over how to solve the problem appear likely to lead to a lower Permanent Fund dividend this fall and cuts to services, including public schools. In public statements, members of the Alaska Senate’s majority caucus have said they oppose spending from savings to balance the budget and want to see new revenue bills instead. Meanwhile,...