Alaska Senate leaders propose spending limit, fund draws

Alaska Senate leaders have proposed what they see as key pieces for addressing the state’s multibillion-dollar deficit.
The bill, from the Senate Finance Committee, would draw from the earnings of Alaska’s oil-wealth fund based on a percentage of the fund’s market value and change how the annual dividends Alaskans receive are calculated.
It also would impose a new spending limit in state law.
Senate President Pete Kelly says the Republican-led majority currently isn’t env