Point of information.. The dividend money comes out of the Permanent Fund earnings reserve which is where the money is kept to maintain the five-year average system which helps to improve a study flow of dividends.  Because sometimes the Permanent Fund earns more money than other times.
Gov. Walker's cutting the permanent fund dividend has nothing to do with balancing the state budget! the state budget would still be unbalanced if there were no Permanent Fund dividends at all and no Permanent Fund. 

In the case of the dam and the bridge those are very expensive and have 0 benefit to all Alaskans.  If Gov. Walker wants any of the dividend money – he can put a check off box on the application and if anyone thinks the dam or the river bridge is worthwhile they will donate their dividend check.
This is a 100% effective political solution-- people donating to causes they think are worthy of their money.