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 […]
JUNEAU – The Senate Finance Committee Friday introduced a pair of bills to cap government spending and establish a 50-50 split between dividends and state expenses from the limited annual revenue available from earnings reserve of the Permanent Fund. Senate Bill 104 caps government spending at $5 billion for fiscal year 2021, allowing for […]