(Juneau, AK) – The Dunleavy administration Friday released a report commissioned by the Governor. The study was conducted by an outside legal firm to review the Alaska Permanent Fund Corporation (APFC). The purpose of the report was to ascertain what if any recommendations or changes could potentially be made to improve its operations and avoid […]
This story was originally published by ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. Reporting Highlights High Stakes: The $80 billion Alaska Permanent Fund helps pay for government services and sends annual dividend checks to Alaskans. Failed Investment: After […]
Alaska Gov. Mike Dunleavy has named longtime Republican politician and businessman John Binkley to an open seat on the board that controls the $80 billion Alaska Permanent Fund. The six-person board has been operating with five members since July, when board member Ellie Rubenstein resigned after leaked emails suggested that corporation staff felt pressured by Rubenstein to […]
JUNEAU – Monday, a group of Republican, Democratic, and Independent legislators announced the introduction of a constitutional amendment to fully protect the Alaska Permanent Fund in the Constitution. Currently, the Permanent Fund is structured as two accounts: the Principal and the Earnings Reserve Account. The Alaska Constitution prohibits the spending of the Principal without a vote […]