As Alaska faces a multibillion dollar budget deficit, the oil fund wealth checks distributed yearly to nearly every Alaskan could be on the chopping block. Last year, nearly every Alaskan received a record amount, $2,072, in the oil fund check. Walker has proposed several measures to help bridge the gap, including tapping into the oil wealth fund. Alaska state government relies mostly on revenue from oil production to stay solvent. Bill Walker, who announces budget vetoes Wednesday morning, told reporters earlier this month when asked if he would veto all or part of the $1.4 billion oil check fund appropriation sent to him in the budget by lawmakers.

Source: ABC News June 29, 2016 08:19 UTC