"Assuming we were scheduled to get another $2,000 this year, the reality is that each and every Alaskan will chip in $1,000 to help give us sustainable revenue."
The State House will take up the Senate approved bill restructuring the Alaska Permanent Fund when it returns from the break in legislative deliberations next week.
While a guest on Action Line Wednesday, Ketchikan Representative Dan Ortiz says use of Permanent Fund earnings is certainly an understandable move as part of a fiscal plan, but there's a big cost.
"The reality is that each and every Alaskan - assuming we were scheduled to get another $2,000 this year - will chip in $1,000 to help give us sustainable revenue," Ortiz explained. "That's a pretty heavy lift, especially knowing that $450 million in that budget is allowed to oil tax credits; you can equate that $600 of the $1,000 Alaskans are giving up is going right back to the oil industry."
Ortiz says that's the biggest heartburn for him on the issue.
"If you're asking me where the House is going to be on this particular bill, I really can't tell you. It's going to be a tough vote for everybody, for different reasons."
The House Finance Committee is scheduled to take up the bill on Monday.