Connect with us

Hi, what are you looking for?

Latest News

Alaska lawmakers pass spending package, ending special session in one day

Alaska lawmakers have passed a state spending package, which includes a dividend of about $1,300 each to residents this year, and ended their special session after one day.

The special session began and ended Thursday, one day after the 121-day regular session ended without a budget deal.

The Senate, controlled by a bipartisan coalition, on Wednesday passed a budget for government operations and infrastructure projects and sent it to the House as a take-or-leave proposition. The House adjourned without voting on it.

On Thursday, the measure was returned to the Senate, where $34 million in infrastructure projects was added before it was again passed in that chamber. Ten members of the Republican-led House majority then joined the 16-member House minority to approve the budget. The minority is largely composed of Democrats.

The budget allows for an additional check to residents of up to $500 next year if revenues exceed the current forecast. It also includes $175 million in one-time funds intended as a boost for schools. School leaders and advocates had urged a permanent increase in funding, citing inflation and other cost concerns.

<!–>

This post appeared first on FOX NEWS

–>

    You May Also Like

    Editor's Pick

    In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

    Economy

    Boeing’s crew spacecraft Starliner will stay docked with the International Space Station into August, NASA confirmed on Thursday, as the mission remains on hold...

    Stock

    S&P 500 pared back its intraday gain on Wednesday following a Bloomberg report that Royal Group has built a multi-billion-dollar short position in U.S....

    Economy

    A U.S. judge has ruled that former Bed Bath & Beyond investor Ryan Cohen can be sued by investors over a tweet he posted featuring an...

    Disclaimer: Richpeoplenetworks.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Richpeoplenetworks.com