17-11-2016 23:31 via ktoo.org

Judge upholds Walker’s veto halving Permanent Fund dividends

The Alaska Permanent Fund Corp.’s exterior sign. A judge ruled in favor of the corporation and upheld Gov. Bill Walker’s veto of half of dividend funding. (Photo by Skip Gray/360 North)
Gov. Bill Walker’s veto of half of Permanent Fund dividend money will stand for now. A judge found Thursday he had the authority to cut the money.
In a lawsuit, Sen. Bill Wielechowski sought to reverse Walker’s veto of $666 million. He argued in court that the constitutional amendment
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