Alaska's FY 2023 surplus pegged at $3.4 Billion

    Alaska Governor Mike Dunleavy

    Juneau, Alaska (KINY) - The State of Alaska's Spring Revenue Forecast is in.

    Governor Dunleavy says it looks good.   "It's actually really good news.  The surplus that we're looking at is approximately $3.4 Billion as the result of high oil prices."

    He said it's his administration's intent to use the surplus for the Permanent Fund Dividend and into savings.  He said a dramatic increase in inflation justifies a higher dividend.  

    The Governor says he'll propose a $37-hundred dividend.  The Legislature would have to go along with his suggestion.

    Even with a dividend at that amount, the Governor said the $3.4 Billion surplus could go to savings.

    The Alaska Permanent Fund is expected to transfer $3.1 Billion to the General Fund this fiscal year and the $3.4 Billion the Governor mentioned in Fiscal Year 2023.



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