Lawmakers only budgeted $40 million of the nearly $800 million that districts say is needed to fix and maintain schools to keep them safe and operating. Gov. Mike Dunleavy then vetoed more than two-thirds of that.
  • dhork@lemmy.worldEnglish
    0·
    4 days ago

    Alaska has its own oil wealth fund

    https://en.m.wikipedia.org/wiki/Alaska_Permanent_Fund

    As of 2019, the fund was worth approximately $64 billion that has been funded by oil and mining revenues and has paid out an average of approximately $1,600 annually per resident (adjusted to 2019 dollars).[5] The main use for the fund’s revenue has been to pay out the Permanent Fund Dividend (PFD), which many authors portray as the only example of a basic income in practice.[6][7]

    So the state does have the money, it just chooses to let it sit there and fund direct payments back to themselves instead of fixing shit