Petersburg Pilot -

Current Petersburg Pilot subscribers! Your print subscription entitles you to complete access to our new comprehensive website.  Contact Pilot staff for help setting up your account. Not yet a Pilot subcriber? Subscribe online now!

PFD bill gets committee hearing, Ortiz files mining resolution


February 9, 2017

Entering its third full week of the session, Alaska’s Legislature continues to look at a variety of spending cuts and revenue options.

On February 2, the Senate Finance Committee heard SB 21, a proposal of Sen. Bert Stedman to restructure how Permanent Fund earnings are appropriated. Currently the $56B in the fund are constitutionally protected, but the bill proposes further limiting the amount of money that can be withdrawn from the principal to 4.5 percent of market value, based on a rolling five-year average.

That rate falls within the five-percent range the Alaska Permanent Fund Corpo...

For access to this article please sign in or subscribe.


Reader Comments


Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019