Alaskans for Sustainable Budgets’ Post

To us, the big story this budget cycle is the drop in near term production. The drop is resulting in less revenue (at Fall23 projected $$oil) than anticipated in the Spring for FY24, FY25 & FY26. The FY24 drop will result in a lower supplemental PFD and the FY25 & FY26 drops potentially also in lower PFDs. Essentially, middle & lower-income #AKfams are being called on to keep state revenues whole by offsetting production drops with PFD cuts. #akleg

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