Former state senator plans to fight PFD restructure
May 4, 2017
ANCHORAGE, Alaska (AP) – A former state senator is preparing to fight back against a bill that would restructure the Alaska Permanent Fund and reduce the dividends Alaskans receive from the oil-wealth fund each year.
Both houses of the Legislature have passed a version of Gov. Bill Walker’s plan to use some of the fund’s income to pay off the state’s multibillion-dollar deficit, The Alaska Journal of Commerce reported.
If Walker signs off on such a bill, former Republican Senate President Clem Tillion said he will work to repeal it.
“If they change the law, we will change it back,...