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About Alaskanomics

Northrim Bank launched the Alaskanomics blog to provide news, analysis and commentary on Alaska’s economy. With contributions from economists, business leaders, policy makers and everyday Alaskans, Alaskanomics aims to engage readers in an ongoing conversation about our economy, now and in the future.

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Tuesday, August 23, 2016

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Dave Zeiger

Thanks for this informative article!

My understanding is that the Governor has only the authority to veto a budget in whole or by line item. Furthermore, that the Legislature has the authority to allocate funds from AKPF Earnings, and NOT the Governor.

Otherwise, why bother the Legislature with a budget at all? Otherwise, what checks and balances are in play?

Dave Zeiger

It appears to me that Gov. Walker is rewriting this budget by unilaterally re-sourcing funding (from the AK Constitutional Reserve to AK PF Earnings). He also appears to arrogate the privilege of the Legislature in capping the AK PFD and drawing on earnings.

Does he in fact have these authorities? Where would such authorizations be enumerated (or proscribed)?

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