Dear Friends and Neighbors,

Yesterday, Governor Dunleavy released his proposal for the operating, capital, and mental health budgets for Fiscal Year 2023, which begins on July 1, 2022. The proposed budget is influenced by higher estimates for oil revenue, significant aid from the federal government, and a dividend based on the governor's proposed POMV withdrawal from the Earnings Reserve that would be split 50-50 between funding dividends and funding essential state services.