Alaska’s future is being decided today. If we do not protect the Permanent Fund, we will regret it forever.
By Jack Hickel, Jon Isaacs, Tom Barrett, Scott Kendall and Yngvil Vatn GattuThe Alaska State Capitol in Juneau on May 16, 2023.
Historically, the Fund has paid only for dividends and inflation-proofing. Starting in 2017, we began to use the Fund to pay for public services. Since then, Alaska has limited annual withdrawals for dividends and public services to a “sustainable” percentage of the Fund’s overall value .
• Spend less: Adopt a more conservative spending limit of 3-4% of the Fund’s value. This is consistent with most other endowments around the world.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Alaska House Advances Operating Budget with Permanent Fund Dividend and School FundingThe Alaska House has advanced the operating budget to the Senate, including a $2,300 Permanent Fund dividend and $175 million in extra one-time school funding. The budget has caused concerns about a potential deficit due to unaccounted legislation and state infrastructure spending.
Weiterlesen »
Alaska House Rejects Proposal to Enshrine Permanent Fund Dividend in ConstitutionA proposal to include the Permanent Fund dividend in the Alaska Constitution was rejected by the House. The dividend formula, which has not been followed since 2016, would require spending over $1 billion more than the state's revenue.
Weiterlesen »
Alaska Permanent Fund board removes executive director Angela RodellThe trustees did not immediately indicate a reason for their decision, which came after a record-breaking year for the fund. At least two state lawmakers said they were stunned at the action.
Weiterlesen »
EDITORIAL: Alaska’s Permanent Fund can’t afford trustee’s half-baked statementsGabrielle Rubenstein’s loose talk in Saudi Arabia gave Alaskans reason to doubt how well she understands and how seriously she treats her responsibility in managing Alaska’s nest egg.
Weiterlesen »
Following email leak, Alaska Permanent Fund Trustees say no security breach occurredThe Alaska Permanent Fund Board of Trustees said Wednesday that no external IT system breach occurred after emails were leaked discussing claims of a fellow trustee’s concerning behavior.
Weiterlesen »
Letter: Permanent Fund earningsPermanent Fund money is required because Alaska, alone among the 50 states, has no general tax. Or maybe because Alaska has an excessively expensive state government. Or maybe both.
Weiterlesen »