Senate Democrats have put out estimates for how the nearly $1.9 trillion American Rescue Plan funds will be allocated to state and local governments. The State of Alaska is estimated to receive over $1 billion in regular funds and an additional $112 million for capital projects. Local governments are estimated to receive over $228 million in funds. You can see the breakdown here.
You can click here to see a PDF with a breakdown in the estimates of funds for local governments in Alaska. This is based off what the Senate Democrats put out. To view their full breakdown, click on this link, and then click on “State and Local Fiscal Relief.”
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Anchorage is estimated to receive over $100 million, Fairbanks over $25 million, Juneau nearly $13 million, the Matanuska-Susitna Borough over $21 million, the Kenai Peninsula Borough over $11 million, Wasilla over $2.2 million, and Palmer over $1.5 million. The breakdown for Alaska separates boroughs and municipalities. The estimates for Anchorage, Fairbanks, and Juneau are a combination of both categories.
Alaska currently faces a more than $1 billion deficit if a full dividend is paid. It will be interesting to see how the legislature decides to use the billion dollar windfall they are about to receive.