Live Breaking News & Updates on City of fairbanks permanent fund

Veto override attempt on education investment fund fails

An attempt to overturn a mayoral veto on a proposed educational investment fund failed in a 5-3 vote at the Fairbanks North Star Borough Assembly meeting Thursday night.

Alaska , United-states , Fairbanks-north-star-borough , Fairbanks , Assemblymembers-savannah-fletcher , Assemblymember-mindy-oneall , Tammie-wilson , Barbara-haney , David-guttenberg , Assemblymember-aaron-lojewski , Kristan-kelly , Permanent-fund

Assembly adopts education reserve fund in narrow vote

The framework for a future education reserve funded by revenue from interest earnings and land sales passed in a narrow 5-4 vote.

Fairbanks-north-star-borough , Alaska , United-states , Fairbanks , Assemblymembers-barbara-haney , Assemblymembers-savannah-fletcher , David-guttenberg , Assemblymembers-aaron-lojewski , Tammie-wilson , Brett-rotermund , Fred-vreeman , Jim-williams

Ordinance proposes a long-term education funding reserve for the borough

The proposed reserve would be funded with interest earned on the borough’s cash at hand.

Fairbanks , Alaska , United-states , Assemblymember-savannah-fletcher , Assemblymembers-aaron-lojewski , Jim-williams , Permanent-fund , Alaska-permanent-fund , City-of-fairbanks-permanent-fund , Federal-reserve , Juanita-helms-administration-center , Jimi-cash