Fairbanks Daily Newsminer- Gov. Bill Walker has capped the Alaska Permanent Fund dividend at $1,000 following the Legislature’s inaction on measures to significantly close the state’s multibillion-dollar deficit.
Walker, at an Anchorage news conference Wednesday, announced some $1.29 billion of vetoes that touched numerous areas, including K-12 education, the University of Alaska, substance abuse treatment, public broadcasting and transportation.
“You won’t see a single cut that anybody celebrated,” Walker said in a somber tone that resonated through the 40-minute event that warned of the consequences of legislative inaction. “But it’s a matter of not having a choice.”
