JUNEAU – Today, the Senate Majority introduced Senate Bill 1002, which proposes to use money from the Statutory Budget Reserve (SBR), the Higher Education Fund, and the Permanent Fund Earnings Reserve Account (ERA) to pay a $1,600 Dividend. Members of the Alaska Senate Democrats have issued the following statements: “The Permanent Fund Dividend […]
Rep. Kreiss-Tomkins: Proposal balances State of Alaska’s immediate, long-term needs JUNEAU – The House Finance Committee on Monday passed House Bill 31, a proposal sponsored by Rep. Jonathan Kreiss-Tomkins (D-Sitka). If passed into law, the bill will transfer $8 billion from the Permanent Fund earnings reserve account into the constitutionally-protected principal of the Permanent […]
JUNEAU – The Alaska Senate Thursday passed the state’s operating budget for fiscal year 2020. The budget includes $4.3 billion in unrestricted general funds (UGF) for agency and statewide operations – a reduction of $258 million over last year – and $1.94 billion to pay each eligible Alaskan a Permanent Fund dividend of approximately […]
Rep. Kreiss-Tomkins’ resolution “hardens” POMV approach established last year JUNEAU – Representative Jonathan Kreiss-Tomkins (D-Sitka) on Wednesday introduced a proposal to fully protect the Alaska Permanent Fund in the constitution. House Joint Resolution 18 would “harden” the percent-of-market-value structure established by the Legislature in 2018’s Senate Bill 26. HJR 18 limits draws from the […]