Tag: Alaska Permanent Fund

A co-creator of Alaska’s dividend program, Rep. Cliff Groh makes the case for reinstating the personal income tax

by Robert Woolsey, KCAW | Nov 3, 2023 | Local News, Syndicated

Rep. Cliff Groh was a legislative aide and co-author of legislation creating the Alaska Permanent Fund Dividend in 1982. Now holding a seat in the Legislature himself, he's making the case for a return to an income tax to stabilized the state's precarious finances. Read More

Fearing a financial ‘house on fire,’ Stedman warns against overdrawing the Permanent Fund to pay dividends

by Robert Woolsey, KCAW | Aug 17, 2023 | Local News, Syndicated

Sitka Sen. Bert Stedman says Alaskans will keep receiving dividend checks, despite a worrisome report from the AK Perm Fund Corp. that the earnings reserve account will be exhausted in four years. "We could skip inflation-proofing for a year or two," he says, "but what you can't do is start over-drawing the Permanent Fund." Read More

Stedman: $3,000 dividend ‘extremely unlikely’ as legislators struggle to balance budget

by Robert Woolsey, KCAW | Apr 2, 2021 | Local News, Syndicated

Sitka Sen. Bert Stedman is determined not to spend down Alaska’s Permanent Fund to balance the state’s budget, even if it means residents won’t be seeing a $3,000 dividend this fall. Read More

Kreiss-Tomkins: Republican majorities will dip into Permanent Fund before reinstating income tax

by Robert Woolsey, KCAW | Jan 27, 2021 | Local News

Sitka Rep. Jonathan Kreiss-Tomkins says that the Alaska Senate's Republican majority likely will support the governor's use of the Permanent Fund earnings reserve to balance the budget, rather than restore the state's income tax. Read More

Flying blind: A new illustrated guide to state finances warns of ‘controlled flight into terrain’

by KCAW News | Nov 25, 2020 | The Morning Interview

Former Sitka municipal attorney (2000-2005) Cliff Groh helped establish the Permanent Fund when he worked for the legislature 40 years ago. In his new book he argues that without a change in course, Alaska is flying blind. Read More

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