Alaska Senate fails to revive dividend bill
The Alaska Senate has failed to revive a bill that would pay a full dividend from the state's oil-wealth fund this year.
Senators deadlocked 10-10 Monday on a vote of whether to rescind their action last week, when they voted down the full payout. The next step for trying to reach agreement on a dividend remains to be seen.
The dividend is one of the last unresolved issues of the special session. Special sessions can last 30 days. That threshold will be reached on Friday.
Gov. Mike Dunleavy has maintained that lawmakers should follow a longstanding formula and pay out a full dividend. Some lawmakers share his position. But there are legislators who contend the formula is unsustainable and outdated.
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