Committee compromise slashes PFD, funds schools

The Alaska conference committee reached a tentative compromise Thursday that could help the state avoid a government shutdown.
Among the agreements are fully funding education, limiting the PFD to $1100 this year and paying for the operating budget out of the Constitutional Budget Reserve rather than Permanent Fund earnings. The latter is something Governor Walker had hoped to avoid as the State works to fill its multi-billion-dollar deficit.
Now, the operating budget must be passed by both the