Legislative Budget Updates
On April 21st, the Senate Finance Committee passed legislation to change the PFD formula.
Senate Bill 199 would change the PFD formula to align with a 50/50 split of the annual POMV draw.
· If the bill is passed, the 2022 PFD would be $2,600 per person.
· In 2023, the PFD formula would change to align with a 75-25 split of the POMV.
· If the bill is passed, the 2023 PFD would be $1,300 per person.