ANCHORAGE, Alaska (AP) — Facing a multibillion-dollar deficit, Alaska's governor on Wednesday cut in half the annual checks that give all residents a share of the state's oil wealth, but he kept enough money in place to award everyone a $1,000 payout.
The veto "preserves that ability to provide a check to every citizen in this state forever," his budget director, Pat Pitney, said.
Alaska's government relies mostly on revenue from oil production to stay solvent.
[...] declining production and a... Читать дальше...