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.
Gov. Bill Walker's administration said the checks had to be reduced in order to save the program.
Say what you want to about freedom-loving Governor Palin, but she knew that what rugged Alaskan individualism required was larger checks from the government.