Gov. Sean Parnell got money for his scholarship plan Friday, but not nearly as much as he wanted and maybe not enough to run the program in its first year.
A conference committee deciding between the House of Representatives and Senate version of the state's operating budget allocated $4.5 million for the Alaska Performance Scholarship program.
That's half what the scholarships are estimated to cost in their first year, and barely 1 percent of the $400 million Parnell had requested to provide long-term endowment-type funding.
The House of Representatives has proposed to fund the first full year's cost of providing the scholarships, while the Senate had instead wanted to bolster the state's needs-based program, which many consider inadequate.
© 2017. All Rights Reserved. | Contact Us