A divided Alaska Senate approved a $1,100 PFD on Sept. 14, a move that drew sharp criticism from Gov. Mike Dunleavy who had been pushing for a $2,350 PFD along with a constitutional amendment that would protect the dividend from annual political fights. The
At 2:30 p.m. today (Aug. 24) the Alaska Legislature will hold a public hearing on Gov. Mike Dunleavy’s proposed budget bill (HB 3003) that would, among other things, provide for a one-time $2,350 Permanent Fund Dividend (PFD) in 2021 and fully fund
As the Alaska Legislature gathered for its third special session of the year, Gov. Mike Dunleavy said Aug. 16 that Alaskans are running out of patience for lawmakers to address the state’s long term financial outlook, including how to solve structural
The Alaska Permanent Fund just posted today the June 30, 2021, year-end earnings and expenses. Our PF Trust generated total revenues in the last twelve months of $18.8 billion. Expenses were $174 million leaving a profit of $18.6 billion. Transfers in
The Alaska Legislature is expected to convene for what is likely to be a heated special session, starting Aug. 2. In addition to dealing with state spending limits and looking at new revenue sources, Gov. Mike Dunleavy has made it clear that he wants
With the fist Special Session of the Alaska Legislature set to end in a little over a week, Gov. Mike Dunleavy is pressing lawmakers to act on his proposed constitutional amendment, SJR 6, which aims to protect the Alaska Permanent Fund and future payouts to
Gov. Mike Dunleavy is right, “We need the full dividend to stabilize the Alaska economy.” When the late Gov. Jay Hammond appointed the Investment Advisory Committee, he assigned us an interesting task. “Figure out how to use the billions that we will
“Defunding power cost equalization would gut a lifeline for rural Alaska” was published by ADN on Nov. 10. Meera Kohler expertly laid out the history and purpose of the Power Cost Equalization Program. The op-ed piece was beautifully written and very
As a banker in Alaska for about 50 years prior to retirement, I have a time-consuming habit of reading lengthy financial statements, since the devil is always in the details. I was most pleased a dozen years ago when I discovered Alaska’s “Comprehensive
As the story goes, when the wagon train master saw the enemy on the horizon, they circled the wagons, loaded their weapons, and fired inwards while the enemy stood outside and watched their self-destruction. On Dec. 3, 2018, Mike Dunleavy was sworn in as
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