JUNEAU, Alaska (AP) - The Latest on proposed amendments to Alaska’s constitution (all times local):
12:50 p.m.
Alaska Gov. Mike Dunleavy is proposing changes to the state constitution that he says would help create a durable state fiscal plan.
One of the proposed amendments is aimed at ensuring the Alaska Permanent Fund dividend is not changed without a vote of the people. The dividend is the annual check residents receive from the state’s oil-wealth fund.
Another proposed amendment seeks to set what Dunleavy called a “spending and savings rule,” with limits on spending and leftover revenue targeted toward savings.
The third would call for a vote of the people to create or increase taxes. Dunleavy says the tax proposal applies to any tax.
Each proposed constitutional amendment would need two-thirds support of each the House and Senate to qualify for the ballot.
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8:55 a.m.
Gov. Mike Dunleavy is proposing constitutional amendments dealing with taxes, spending and the annual check residents receive from Alaska’s oil-wealth fund.
Details on the proposals are expected to be released later Wednesday.
Dunleavy says one of the proposed amendments would ensure the Permanent Fund dividend is not changed without a vote of the people. One would create a “spending and savings rule” and one would call for a public vote to create or increase taxes.
Alaska doesn’t have a state sales or personal income tax but has an array of other taxes addressing such things as corporate income, oil and gas production, motor fuels and marijuana.
Each proposal would need two-thirds support of each the House and Senate to qualify for the ballot.
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