Senate Finance Committee adopts operating‑budget committee substitute with $13.83B topline, $1,000 PFD and energy relief

The Alaska Senate Finance Committee on April 22 adopted a Senate committee substitute for the FY‑27 operating budget that appropriates about $13.83 billion in combined funds and adds targeted supplementals for energy relief, education, disaster response and agency needs.

Committee staff member Pete Eklund told the committee: “The CS in front of you appropriates the following amounts … 6,210,000,000 of unrestricted general funds, 1,040,000,000 of designated general funds, 2,060,000,000 of other funds, [and] 4,520,000,000 of federal funds for a combined total of $13,830,000,000.” The motion to adopt was made by Senator Stedman and adopted as the committee’s working document after no objections were heard.

Why it matters: the substitute moves a full market‑value transfer of roughly $3.997 billion from the Permanent Fund to the general fund for FY‑27 and sets a $1,000 permanent fund dividend, while reserving $50 million as a buffer for next year. The CS also directs an immediate $150 per‑person energy relief…