Governor Dunleavy released his Fiscal Year 2022 budget on Friday nicknaming it “A Path Forward.” He has aimed to create “efficiencies within government, implements the basis for a stable fiscal future, puts money into Alaskans’ hands, and prioritizes job creation and infrastructure development.”
Dunleavy’s budget has three main areas of interest
- Help to Alaskans Now
- Issue remainder of 2020 PFD
- Provide funds for necessary programs such as the court system to address sexual assault logjam, fisheries and wildlife, and construction projects
- Infrastructure Bond
- Up to a half a billion dollars to infrastructure projects (bridges, ports, and roads) throughout the state to help with the states unemployment caused by the pandemic
- Fiscal Certainty for Alaskans
- Full 2021 PFD
- New PFD formula that requires 50% of any money distributed from the fund be for dividends (to be voted on by the people)
- Constitutional amendments to
- Cap spending
- Require new taxes to be ballot measures
- Protect the PFD
Other Areas of Interest
- 10% year-over-year reduction in spending
- K-12 spending held constant
- FY2022 Budget Fact Sheet