Permanent Fund

Legislative fiscal analysts Alexei Painter, right, and Conor Bell explain the state’s financial outlook during the next decade to the Senate Finance Committee on Friday. (Mark Sabbatini / Juneau Empire)

Legislators eye oil and sales taxes due to fiscal woes

Bills to collect more from North Slope producers, enact new sales taxes get hearings next week.

 

Mark Sabbatini / Juneau Empire State Rep. Cliff Groh, D-Anchorage, testifies about his proposed constitutional amendment that would change how Permanent Fund earnings are allocated during a House Ways and Means Committee meeting Saturday morning at the Alaska State Capitol. The committee spent two hours taking testimony almost entirely by phone from residents statewide about five proposals related to the Permanent Fund and dividends, which continued the long historical pattern of strongly divided feelings about how much money to use for dividends vs. state government programs.

PFD proposals discussed at weekend hearing

The hearing addressed five specific legislative proposals

 

Deven Mitchell greets his fellow members of the Alaska Permanent Fund Corp.’s Board of Trustees at the start of his interview to be the APFC’s new executive director on Monday, Oct. 3, 2022. (Mark Sabbatini / Juneau Empire)

Opinion: It’s an honor to now lead Alaska’s largest renewable resource

As a lifelong Alaskan, leading APFC is my childhood dream come true

 

Melanie Hardin, right, greets the Alaska Permanent Fund Corp.’s Board of Trustees before her interview for the APFC’s executive director’s job Monday, Oct. 3, 2022, in Juneau, (Mark Sabbatini / Juneau Empire)

Permanent Fund board picks new executive director

Trustees work overtime selecting from three candidates after interviews Monday

Melanie Hardin, right, greets the Alaska Permanent Fund Corp.’s Board of Trustees before her interview for the APFC’s executive director’s job Monday, Oct. 3, 2022, in Juneau, (Mark Sabbatini / Juneau Empire)
A parking sign awaits the new executive director of the Alaska Permanent Fund at its Juneau headquarters, Three finalists will be interviewed for the job during a public meeting Monday by the fund’s board of trustees, who are expected to deliberate and announce the new director immediately afterward. (Mark Sabbatini / Juneau Empire)

Interviews, selection of new Permanent Fund CEO set for Monday

Three finalists seeking to manage $73.7B fund to appear before trustees at public meeting in Juneau

A parking sign awaits the new executive director of the Alaska Permanent Fund at its Juneau headquarters, Three finalists will be interviewed for the job during a public meeting Monday by the fund’s board of trustees, who are expected to deliberate and announce the new director immediately afterward. (Mark Sabbatini / Juneau Empire)
Mark Sabbatini / Juneau Empire The Alaska Permanent Fund Corp. building in Juneau is scheduled to be the site where the board of trustees will select a new executive director on Monday, following the investigation into the firing of former CEO Angela Rodell last December being presented to state lawmakers on Wednesday.

Investigators: Permanent Fund CEO’s firing legal but departed from policy

Trustees acted legally, despite not following official policy, and governor didn’t influence decision

Mark Sabbatini / Juneau Empire The Alaska Permanent Fund Corp. building in Juneau is scheduled to be the site where the board of trustees will select a new executive director on Monday, following the investigation into the firing of former CEO Angela Rodell last December being presented to state lawmakers on Wednesday.
The offices of the Alaska Permanent Fund Corp. are seen Monday, June 6, 2022, in Juneau, Alaska. (Photo and caption by James Brooks/Alaska Beacon)

Alaska still holds millions of dollars in Russian investments

The Alaska Legislature failed to pass legislation requiring the state to sell assets in Russia

The offices of the Alaska Permanent Fund Corp. are seen Monday, June 6, 2022, in Juneau, Alaska. (Photo and caption by James Brooks/Alaska Beacon)
Peter Segall / Juneau Empire The offices of the Alaska Permanent Fund Corporation got some rate sun on Tuesday, March 1, 2022, as Alaska’s lawmakers urged the corporation’s Board of Directors to divest from Russian assets in response to the invasion of Ukraine.

Permanent Fund to hold Russian assets as lawmakers urge divestment

Many states are divesting.

Peter Segall / Juneau Empire The offices of the Alaska Permanent Fund Corporation got some rate sun on Tuesday, March 1, 2022, as Alaska’s lawmakers urged the corporation’s Board of Directors to divest from Russian assets in response to the invasion of Ukraine.
This photo shows the Alaska State Capitol. The Capitol will be the site of a committee hearing next month that will focus on the recent firing of Alaska Permanent Fund Corp. CEO Angela Rodell. (Peter Segall / Juneau Empire File)

Panel seeks info on firing of Permanent Fund Corp CEO

Hearing scheduled for mid-January.

This photo shows the Alaska State Capitol. The Capitol will be the site of a committee hearing next month that will focus on the recent firing of Alaska Permanent Fund Corp. CEO Angela Rodell. (Peter Segall / Juneau Empire File)
The Alaska Permanent Fund saw record earnings this year and lawmakers are deeply divided about what to do with the earnings. (Peter Segall / Juneau Empire File)

Permanent fund earnings were record-breaking, but annual draws are average

Record earnings.

The Alaska Permanent Fund saw record earnings this year and lawmakers are deeply divided about what to do with the earnings. (Peter Segall / Juneau Empire File)
Alaska state Rep. Kevin McCabe, center, speaks to Reps. Laddie Shaw, left, and Ben Carpenter, right, during a break in the House floor session on Friday, Aug. 20, 2021, in Juneau, Alaska. Lawmakers are meeting in special session, with the annual dividend paid to residents a key topic. (AP Photo/Becky Bohrer)

PFD size up for debate in legislative session

Dunleavy, in a bill outlined Thursday, proposed a payout of about $2,350.

Alaska state Rep. Kevin McCabe, center, speaks to Reps. Laddie Shaw, left, and Ben Carpenter, right, during a break in the House floor session on Friday, Aug. 20, 2021, in Juneau, Alaska. Lawmakers are meeting in special session, with the annual dividend paid to residents a key topic. (AP Photo/Becky Bohrer)
Alaska Permanent Fund Corporation CEO Angela Rodell speaks on the state of the Alaska Permanent Fund at the Kenai Chamber of Commerce and Visitor Center on Wednesday, Aug. 18, 2021. (Camille Botello/Peninsula Clarion)

CEO: Permanent fund sees record returns

Alaska Permanent Fund Corporation CEO Angela Rodell gave a presentation at the joint Kenai and Soldotna Chamber luncheon Wednesday.

Alaska Permanent Fund Corporation CEO Angela Rodell speaks on the state of the Alaska Permanent Fund at the Kenai Chamber of Commerce and Visitor Center on Wednesday, Aug. 18, 2021. (Camille Botello/Peninsula Clarion)
The Alaska State Capitol is seen in this file photo. (Peter Segall/Juneau Empire file)

PFD payments sticking point for Alaska special session

The agenda for the special session starting Monday doesn’t include an appropriations bill for a dividend.

The Alaska State Capitol is seen in this file photo. (Peter Segall/Juneau Empire file)
Alaska Senate President Peter Micciche prepares for the start of a brief Senate floor session on Tuesday, June 15, 2021, in Juneau, Alaska. Lawmakers were trying to reach resolution on a state spending package during the special legislative session. (AP Photo/Becky Bohrer)

Budget talks break down as shutdown looms

Legislative leadership met for most of the day Tuesday.

Alaska Senate President Peter Micciche prepares for the start of a brief Senate floor session on Tuesday, June 15, 2021, in Juneau, Alaska. Lawmakers were trying to reach resolution on a state spending package during the special legislative session. (AP Photo/Becky Bohrer)
Alaska Gov. Mike Dunleavy gives an interview in the state Capitol on Monday, June 7, 2021, in Juneau, Alaska. The governor urged legislative action on his proposal for the dividend paid to residents from Alaska’s oil-wealth fund. (AP Photo/Becky Bohrer)

Dunleavy urges lawmakers to take action on dividend plan

“Every time we come up with a thing to move this along, it’s not enough for some people …”

Alaska Gov. Mike Dunleavy gives an interview in the state Capitol on Monday, June 7, 2021, in Juneau, Alaska. The governor urged legislative action on his proposal for the dividend paid to residents from Alaska’s oil-wealth fund. (AP Photo/Becky Bohrer)
Rep. Neal Foster, D-Nome, at center, chairs the first meeting of a bicameral conference committee tasked with negotiating the state's final budget bill in the Senate Finance Committee chambers on Wednesday, May 26, 2021. Lawmakers had said they wanted to finish before Memorial Day, but Foster said that didn't seem like a possibility. (Peter Segall / Juneau Empire)

Budget negotiations begin, will likely continue into June

One day at a time.

Rep. Neal Foster, D-Nome, at center, chairs the first meeting of a bicameral conference committee tasked with negotiating the state's final budget bill in the Senate Finance Committee chambers on Wednesday, May 26, 2021. Lawmakers had said they wanted to finish before Memorial Day, but Foster said that didn't seem like a possibility. (Peter Segall / Juneau Empire)
Proclamations from Gov. Mike Dunleavy calling special sessions of the Alaska State Legislature for late May and early August were posted in the otherwise quiet office of the House Clerk on Friday, May 21, 2021. The first special session has started but the Capitol building was quiet as most of the work before lawmakers will take place in committee. (Peter Segall / Juneau Empire)

Special session begins, aims to solve Alaska’s fiscal deficit for good

Get ready in May for August.

Proclamations from Gov. Mike Dunleavy calling special sessions of the Alaska State Legislature for late May and early August were posted in the otherwise quiet office of the House Clerk on Friday, May 21, 2021. The first special session has started but the Capitol building was quiet as most of the work before lawmakers will take place in committee. (Peter Segall / Juneau Empire)
Alaska Gov. Mike Dunleavy speaks during a news conference on Wednesday, May 12, 2021, in Juneau, Alaska, with a number of state legislators around him. Dunleavy discussed a proposed constitutional amendment dealing with the Alaska Permanent Fund and the Permanent Fund dividend. (AP Photo/Becky Bohrer)

Dunleavy proposes new changes to Permanent Fund

The changes are an amendment to updates he proposed earlier this year.

Alaska Gov. Mike Dunleavy speaks during a news conference on Wednesday, May 12, 2021, in Juneau, Alaska, with a number of state legislators around him. Dunleavy discussed a proposed constitutional amendment dealing with the Alaska Permanent Fund and the Permanent Fund dividend. (AP Photo/Becky Bohrer)
Image via pfd.alaska.gov

PFD deadline Wednesday at midnight

The deadline to file is 11:59 p.m. on March 31.

Image via pfd.alaska.gov