Senate President Pete Kelly said his caucus was right to oppose an income tax last year. Anchorage Democratic Sen. Berta Gardner, the minority caucus leader, said a broad-based tax is still needed.
"Alaska Permanent Fund"
Five rules for investment from Alaska’s Permanent Fund Corporation
In a relatively new and, so far, really successful strategy for making money for Alaska’s sovereign wealth fund, how do they pick the next big winner out of a sea of potential companies?
$63 billion and counting: How long can Alaska’s Permanent Fund keep growing so fast?
The state’s sovereign wealth fund has doubled in size in less than a decade, but a market correction could be incredibly painful for Alaska’s bottom line.
Permanent Fund Corporation to study ethical and sustainable investing
An Alaska-based coalition wants the Permanent Fund Corporation to drop all of its fossil fuel holdings
Senators heard about permanent fund problems before leaving
If the Legislature doesn’t act to close the budget gap, the permanent fund earnings reserve account would fall to zero in about 10 years.
Spending gap could hurt Alaska Permanent Fund, budget director says
Alaska’s state government will have a roughly $600 million gap between how much it spends and how much it raises, State budget director Pat Pitney says.
Walker pitches 1.5 percent income tax with a limit
Administration officials have a mouthful of a name for it: the “capped hybrid head tax.” It’s a flat 1.5 percent of wages and self-employment income, with a maximum of twice the value of that year’s Alaska Permanent Fund dividend.
State capital budget funds some Southeast projects
Among the funded projects are replacement floats for a harbor in Wrangell, cruise ship dock improvements in Ketchikan and Hoonah and renovation of the headquarters for the Alaska Permanent Fund in Juneau.
State, municipalities face higher borrowing costs from falling credit ratings
A state official estimates the rating downgrades since last year could cost the state an extra $5 million to $6 million over 20 years on a $100 million transportation bond issuance.
Alaska Supreme Court hears arguments over legality of Walker’s PFD veto
The fate of hundreds of millions in Alaska Permanent Fund dividend money now rests with the five Alaska Supreme court judges.