PFD

The Alaska Permanent Fund Corporation building in October 2020. (Peter Segall / Juneau Empire file)

Permanent Fund posts record earnings as lawmakers debate state deficit

Record earnings, lengthy debate.

 

Alaska State Capitol

Lawmakers announce PFD working group

First meeting Wednesday.

 

Lawmakers will come back to the Alaska State Capitol, seen here on May 28, 2021, for the second special session of the Legislature this summer. Gov. Mike Dunleavy asked lawmakers to resolve what he called a defective budget, leading to a legal dispute between lawmakers and the administration. (Peter Segall / Juneau Empire File)

Second special session starts as legal dispute continues

Courts asked to advise.

 

Peter Segall / Juneau Empire Senate President Peter Micciche, R-Soldotna, looks on as Senators vote whether to adjourn the long-awaited budget vote on Tuesday, June 15, 2021. Budget talks were derailed Tuesday after lawmakers and the governor balked at the budget proposal.

Budget talks break down as shutdown looms

Legislative leadership met for most of the day Tuesday.

Peter Segall / Juneau Empire Senate President Peter Micciche, R-Soldotna, looks on as Senators vote whether to adjourn the long-awaited budget vote on Tuesday, June 15, 2021. Budget talks were derailed Tuesday after lawmakers and the governor balked at the budget proposal.
State Rep. Neal Foster, D-Nome, second from left, listens as Rep. Bart LeBon, far left,R-Fairbanks, foreground, speaks during a budget conference committee meeting in Juneau, Alaska, on Sunday, June 13, 2021. Alaska legislators who are leading negotiators on a committee tasked with hashing out differences on a state spending package said they would like to reach a tentative agreement as early as Sunday. (AP Photo / Becky Bohrer)

Lawmakers reach tentative deal on budget, dividend

Negotiators reached a tentative agreement Sunday on a package that includes an estimated $1,100 PFD.

State Rep. Neal Foster, D-Nome, second from left, listens as Rep. Bart LeBon, far left,R-Fairbanks, foreground, speaks during a budget conference committee meeting in Juneau, Alaska, on Sunday, June 13, 2021. Alaska legislators who are leading negotiators on a committee tasked with hashing out differences on a state spending package said they would like to reach a tentative agreement as early as Sunday. (AP Photo / Becky Bohrer)
Gov. Mike Dunleavy gives an interview in the state Capitol on Monday, June 7, 2021, in Juneau, Alaska. The governor urged legislative action on his proposal for the dividend paid to residents from the Permanent Fund. (AP Photo / Becky Bohrer)

Dunleavy urges lawmakers to act on PFD plan

Governor urged lawmakers to act on his proposal to put a new PFD formula in the state constitution.

Gov. Mike Dunleavy gives an interview in the state Capitol on Monday, June 7, 2021, in Juneau, Alaska. The governor urged legislative action on his proposal for the dividend paid to residents from the Permanent Fund. (AP Photo / Becky Bohrer)
Rep. Neal Foster, D-Nome, at center, chairs the first meeting of a bicameral conference committee tasked with negotiating the state's final budget bill in the Senate Finance Committee chambers on Wednesday, May 26, 2021. Lawmakers had said they wanted to finish before Memorial Day, but Foster said that didn't seem like a possibility. (Peter Segall / Juneau Empire)

Budget negotiations begin, will likely continue into June

One day at a time.

Rep. Neal Foster, D-Nome, at center, chairs the first meeting of a bicameral conference committee tasked with negotiating the state's final budget bill in the Senate Finance Committee chambers on Wednesday, May 26, 2021. Lawmakers had said they wanted to finish before Memorial Day, but Foster said that didn't seem like a possibility. (Peter Segall / Juneau Empire)
Proclamations from Gov. Mike Dunleavy calling special sessions of the Alaska State Legislature for late May and early August were posted in the otherwise quiet office of the House Clerk on Friday, May 21, 2021. The first special session has started but the Capitol building was quiet as most of the work before lawmakers will take place in committee. (Peter Segall / Juneau Empire)

Special session begins, aims to solve Alaska’s fiscal deficit for good

Get ready in May for August.

Proclamations from Gov. Mike Dunleavy calling special sessions of the Alaska State Legislature for late May and early August were posted in the otherwise quiet office of the House Clerk on Friday, May 21, 2021. The first special session has started but the Capitol building was quiet as most of the work before lawmakers will take place in committee. (Peter Segall / Juneau Empire)
Senate President Peter Micciche, R-Soldotna, spoke to reporters in his office on Thursday, May 20, 2021, to discuss next steps after the Senate debated the state budget until just before midnight the night before. Senators voted for a Permanent Fund Dividend of $2,300, the largest in history, but negotiations with the House of Representatives are still to come. (Peter Segall / Juneau Empire)

Senate votes for $2,300 PFD, but the amount could change

It would be the largest PFD in state history.

Senate President Peter Micciche, R-Soldotna, spoke to reporters in his office on Thursday, May 20, 2021, to discuss next steps after the Senate debated the state budget until just before midnight the night before. Senators voted for a Permanent Fund Dividend of $2,300, the largest in history, but negotiations with the House of Representatives are still to come. (Peter Segall / Juneau Empire)
Gov. Mike Dunleavy, said at this Wednesday, May 12, 2021 news conference there may be a special session of the Alaska Legislautre. On Thursday he officially called two, one for late May and one for early August. (Peter Segall / Juneau Empire)

Dunleavy calls special sessions for budget, relief funds

Backlog of work.

Gov. Mike Dunleavy, said at this Wednesday, May 12, 2021 news conference there may be a special session of the Alaska Legislautre. On Thursday he officially called two, one for late May and one for early August. (Peter Segall / Juneau Empire)
Gov. Mike Dunleavy made changes to a proposed constitutional amendment in a news conference at the Alaska State Capitol on Wednesday, May 12, 2021, he hopes will set the state on a better fiscal path. (Peter Segall / Juneau Empire)

Dunleavy makes changes to Permanent Fund proposal

Gov says proposal is first step to better fiscal future

Gov. Mike Dunleavy made changes to a proposed constitutional amendment in a news conference at the Alaska State Capitol on Wednesday, May 12, 2021, he hopes will set the state on a better fiscal path. (Peter Segall / Juneau Empire)
In this May 9 photo, Gov. Mike Dunleavy speaks about tourism at the Wings Airways Hangar in Juneau. (Courtesy Photo / Office of Gov. Mike Dunleavy)

WATCH: Governor talks future of the Permanent Fund

It’s scheduled to start at 12:30 p.m.

In this May 9 photo, Gov. Mike Dunleavy speaks about tourism at the Wings Airways Hangar in Juneau. (Courtesy Photo / Office of Gov. Mike Dunleavy)
House Minority Leader Rep. Cathy Tilton, R-Wasilla, seen here speaking with Rep. David Eastman, R-Wasilla, speak in the hall of the Alaska State Capitol on Feb. 16, 2021, said the minority caucus is working on proposals for the annual Permanent Fund Dividend. The Legislature is approaching the end of the session, but has yet to allocate an amount for a PFD. (Peter Segall / Juneau Empire)

As budget work continues, PFD question remains

A dividend divide.

House Minority Leader Rep. Cathy Tilton, R-Wasilla, seen here speaking with Rep. David Eastman, R-Wasilla, speak in the hall of the Alaska State Capitol on Feb. 16, 2021, said the minority caucus is working on proposals for the annual Permanent Fund Dividend. The Legislature is approaching the end of the session, but has yet to allocate an amount for a PFD. (Peter Segall / Juneau Empire)
A man holds a U.S. and a rainbow flag outside the Supreme Court in Washington in 2015 after the court legalized gay marriage nationwide. Court documents show the state of Alaska for years maintains a discriminatory policy that denied some same-sex spouses benefits by wrongly claiming gay marriage was not recognized in Alaska, long after courts ordered they be recognized. (AP Photo / Jacquelyn Martin)

Alaska denied benefits to gay couples despite court rulings

Division staff listed about 40 people who were denied.

A man holds a U.S. and a rainbow flag outside the Supreme Court in Washington in 2015 after the court legalized gay marriage nationwide. Court documents show the state of Alaska for years maintains a discriminatory policy that denied some same-sex spouses benefits by wrongly claiming gay marriage was not recognized in Alaska, long after courts ordered they be recognized. (AP Photo / Jacquelyn Martin)
The Senate Finance Committee, seen here with chair Sen. Bert Stedman, R-Sitka, leading a meeting on Jan. 27, discussed Monday Gov. Mike Dunleavy's propsoal for a $1.4 billion supplemental budget. Most of that money would go to paying out a supplemental Permanent Fund Dividend. (Peter Segall / Juneau Empire)

Supplemental budget proposal asks for $1.4 billion

Most would be spent on PFD.

The Senate Finance Committee, seen here with chair Sen. Bert Stedman, R-Sitka, leading a meeting on Jan. 27, discussed Monday Gov. Mike Dunleavy's propsoal for a $1.4 billion supplemental budget. Most of that money would go to paying out a supplemental Permanent Fund Dividend. (Peter Segall / Juneau Empire)
Gov. Mike Dunleavy addresses the public during a virtual town hall on Sept. 15, 2020 in Alaska. ( Courtesy Photo / Austin McDaniel, Office of the Governor)

Dunleavy pitches dividend change amid legislative splits

No clear direction has emerged from lawmakers.

Gov. Mike Dunleavy addresses the public during a virtual town hall on Sept. 15, 2020 in Alaska. ( Courtesy Photo / Austin McDaniel, Office of the Governor)
Mike Tobin of environmental group 350Juneau demonstrated outside the Alaska Permanent Fund Corporation building on Wednesday, Dec. 9, 2020. APFC's Board of Trustees were having their quarterly meeting inside and group members submitted testimony urging divestment from fossil fuels and other assets potentially impacted by climate change. (Peter Segall / Juneau Empire)

Protesters: Oil is not where the money is

An unexpected boost from New York.

Mike Tobin of environmental group 350Juneau demonstrated outside the Alaska Permanent Fund Corporation building on Wednesday, Dec. 9, 2020. APFC's Board of Trustees were having their quarterly meeting inside and group members submitted testimony urging divestment from fossil fuels and other assets potentially impacted by climate change. (Peter Segall / Juneau Empire)
The Alaska Permanent Fund Corporation building in Juneau on Thursday, October 1, 2020. The corporation’s CEO Angela Rodell spoke to the Juneau Chamber of Commerce Thursday saying the fund had remained strong during the pandemic in large part due to prudent management and past investments in the fund itself. (Peter Segall / Juneau Empire)

Permanent fund CEO stresses long-term focus

Maximize returns, minimize risk.

The Alaska Permanent Fund Corporation building in Juneau on Thursday, October 1, 2020. The corporation’s CEO Angela Rodell spoke to the Juneau Chamber of Commerce Thursday saying the fund had remained strong during the pandemic in large part due to prudent management and past investments in the fund itself. (Peter Segall / Juneau Empire)
Alaskans pick up and turn in Permanent Fund Dividend applications at the Department of Revenue office in the State Office Building in March 2011. (Michael Penn | Juneau Empire File)

Dunleavy: PFD checks are going out early

July 1 is the targeted date.

Alaskans pick up and turn in Permanent Fund Dividend applications at the Department of Revenue office in the State Office Building in March 2011. (Michael Penn | Juneau Empire File)
This photo shows the Trans-Alaska pipeline and pump station north of Fairbanks, Alaska. The future of Alaska’s unique program of paying residents an annual check is in question, with oil prices low and an economy struggling during the coronavirus pandemic. (AP Photo | Al Grillo, File)

Low oil prices and coronavirus fallout mean PFD could be at risk

Without cuts or new revenue, there’s a real possibility the program could go away, an economist said.

This photo shows the Trans-Alaska pipeline and pump station north of Fairbanks, Alaska. The future of Alaska’s unique program of paying residents an annual check is in question, with oil prices low and an economy struggling during the coronavirus pandemic. (AP Photo | Al Grillo, File)