Alaska Republican Gov. Mike Dunleavy unveiled a budget plan Thursday that would pay residents an oil-wealth dividend of about $3,400 next year using a formula that lawmakers have all but abandoned and use savings to plug an estimated $990 million deficit.
The proposal does not include an increase in the per-student K-12 school funding formula, though Dunleavy, a former educator, said he expected education to be at the fore of discussions when lawmakers convene for their new legislative session next month. He said he wanted lawmakers to consider his proposal from last session that would provide bonuses to teachers as a way to help recruit and retain them.
