Some Southeast communities lost as many as 4 in 5 hotel, tour and restaurant jobs.
Hoffman said that the future of the dividend relies on the Legislature creating new forms of revenues. Without that, he said, the Permanent Fund will be put in jeopardy.
Alaska Permanent Fund Corporation CEO Angela Rodell said GameStop is just one of over 11,000 different stocks in the organization’s portfolio. On top of that, it’s also invested in bonds, real estate and private equity.
Some of the legislation recycles ideas that have failed to get traction in the past few years — like levying state income taxes and adopting daylight saving time year-round — but there are plenty of new ideas, too.
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.
Gov. Mike Dunleavy is getting ready to propose his third budget, but it’s not clear what his plan is — or exactly when we’ll see it.
Legislative races near Fairbanks and in Anchorage show what’s at stake as Alaskans vote for legislative candidates with contrasting views on dividends and the Alaska Permanent Fund.
As impacts of the COVID-19 pandemic linger around the world, it’s unclear if or when prices will be high again.
And though protecting almost $5 billion is nothing to sneeze at, Stedman says the legislature voted to squirrel away quite a bit more — but was overridden.
While a number of economists have pushed Alaska lawmakers to bring revenues in line with spending over the past few years, many now agree that setting aside normal fiscal discipline during the pandemic is justified.