May 14, 2021
May 13, 2021 (Juneau, AK) – With less than one week remaining in the 121-day regular session, Alaska Governor Mike Dunleavy issued a proclamation calling the Alaska Legislature into special session beginning May 20
th to complete work on the FY22 budget and to act on his constitutional amendment protecting the Permanent Fund, Permanent Fund Dividend (PFD), and power cost equalization (PCE).
“It is clear from my conversations with legislative leaders that more time is needed to complete this year’s budget and to address a long-term, permanent solution to protecting the Permanent Fund and PFD. Consequently, today I’m calling a 30-day special sessions to give lawmakers additional time to complete those tasks”
May 14, 2021
May 12, 2021 (Juneau, AK) – Alaska Governor Mike Dunleavy proposed revisions to strengthen his Permanent Fund constitutional amendment (SJR 6) that builds a sustainable fiscal future for all Alaskans and guarantees an annual dividend to all Alaskans now and in the future. If passed by the Alaska Legislature, Alaskans will have the final word on the most significant policy decision since the establishment of the Permanent Fund when the amendment appears on the November 2022 general election ballot.
Today’s action accomplishes four significant fiscal policy goals:
Guarantees a PFD for every eligible Alaskan now and for future generations
Creates a fair and sustainable 50/50 split of Permanent Fund earnings between PFDs and core state services
Governor Calls Special Session to Protect Alaska Permanent Fund The Office of Governor Mike Dunleavy | May 14, 2021
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With less than one week remaining in the 121-day regular session, Alaska Governor Mike Dunleavy issued a proclamation calling the Alaska Legislature into special session beginning May 20
th to complete work on the FY22 budget and to act on his constitutional amendment protecting the Permanent Fund, Permanent Fund Dividend (PFD), and power cost equalization (PCE).
“It is clear from my conversations with legislative leaders that more time is needed to complete this year’s budget and to address a long-term, permanent solution to protecting the Permanent Fund and PFD. Consequently, today I’m calling a 30-day special sessions to give lawmakers additional time to complete those tasks”
Alaska Governor Mike Dunleavy flanked by members of the Alaska Legislature. Juneau, Alaska (KINY) - The revisions Alaska Governor Mike Dunleavy proposed in SJR 6 would aim to put the Permanent Fund Dividend into the Alaska Constitution, as well as adding the State s power cost equalization fund that lowers electricity prices in Alaskan communities.
Overall the proposal would create a 50/50 split of Permanent Fund earnings between paying out PFDs and funding core state services, protects the $1 billion power cost equalization endowment by depositing the funds into the PFD corpus, and also transfers $3 billion from the Permanent Fund Earnings Reserve Account to the Constitutional Budget Reserve.