Latest News

Alaska lawmakers pass spending package, ending special session in one day

Alaska lawmakers have passed a state spending package, which includes a dividend of about $1,300 each to residents this year, and ended their special session after one day.

The special session began and ended Thursday, one day after the 121-day regular session ended without a budget deal.

The Senate, controlled by a bipartisan coalition, on Wednesday passed a budget for government operations and infrastructure projects and sent it to the House as a take-or-leave proposition. The House adjourned without voting on it.

On Thursday, the measure was returned to the Senate, where $34 million in infrastructure projects was added before it was again passed in that chamber. Ten members of the Republican-led House majority then joined the 16-member House minority to approve the budget. The minority is largely composed of Democrats.

The budget allows for an additional check to residents of up to $500 next year if revenues exceed the current forecast. It also includes $175 million in one-time funds intended as a boost for schools. School leaders and advocates had urged a permanent increase in funding, citing inflation and other cost concerns.

This post appeared first on FOX NEWS

–>

You May Also Like

Latest News

Russia’s Arrest Warrant for Lindsey Graham: A Diplomatic Tug-of-War Unveils Deepening Tensions Article: In a startling turn of events, Russia has issued an arrest...

Stock

Mastering the Covered Calls Options Strategy: A Comprehensive Guide for Investors Introduction: Covered calls are a popular options strategy used by investors to generate...

Latest News

23 GOP-Led States Rally Behind Florida’s Challenge to Biden’s Policy on Migrants Released Without Court Dates Introduction: In a significant show of solidarity, 23...

Investing

Top 10 Manganese-producing Countries: A Look at the Global Leaders in Manganese Production (Updated 2023) Manganese is an essential metal used in various industrial...

Disclaimer: Worldmarkettitans.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 Worldmarkettitans.com