Gov. Mike Dunleavy’s proposed state budget draws over $3 billion more than planned from the Alaska Permanent Fund. That puts the budget on a collision course with a state law meant to build the fund in the future.
"Alaska Permanent Fund Corporation"
PFDs, state funding at risk if Alaska Permanent Fund earnings reserve falls to zero, board hears
The problem could happen if there are poor results from fund investments, like stocks.
Alaskans see opportunities for success and failure as Permanent Fund Corporation invests in-state
The Alaska Permanent Fund Corporation puts $200 million in funding toward new in-state investment program.
Alaska’s sales pitch: Vast resources and a melting Arctic
Gov. Mike Dunleavy had an audience of more than 30 sovereign wealth funds at a global forum happening in Juneau this week.
Bill would provide $1,600 dividends, with aim of growing permanent fund
Gov. Mike Dunleavy said Monday he would veto the Senate bill. He supports following the traditional PFD formula set in 1982.
After scathing audit, Alaska Mental Health Trust Authority says fixes are underway
Alaska Mental Health Trust Authority CEO Mike Abbott sounded like he was talking about an invasive medical screening when he described being audited. He updated lawmakers on how the trust is fixing problems identified in a scathing audit report.
Alaska Permanent Fund looks to pay investment managers incentives
The corporation and its board of trustees argue the policy could help recruit talented managers. But it’s up to Gov. Mike Dunleavy’s administration and the Alaska Legislature to make it happen.
Permanent Fund managers to look for in-state investment opportunities
It sets a goal of increasing the amount of the Permanent Fund assets invested in-state to at least 5 percent in five years.
Gov hopefuls who support full PFD aren’t clear how they’d pay for it
It would cost a lot more to pay the full amount under the formula – $840 million.
What does it mean to use Permanent Fund earnings for state government?
The Legislature recently voted to use Permanent Fund earnings for government operations for the first time – but how does that work and what are they changing?