Last week, the Senate voted on and passed the operating budget. One amendment, put forth by minority member Senator Bill Wielechowski, proposed a transfer from the Permanent Fund Earnings Reserve to the Corpus for inflation proofing. I voted yes on this amendment. Click below to find out why.
With the addition of education funding, the FY 2019 operating budget spends approximately $4.5 billion in UGF, which is a $1 billion reduction from FY 2015.
“We need to come together this year to provide fiscal stability and protect the Permanent Fund.” —Senator Lyman Hoffman