The total value of Alaska Permanent Fund recently reached $65 billion (unaudited).
Several proposals have been before the Alaska Legislature that would use earnings of the Alaska Permanent Fund to cover part of the state's budget deficit — or use the percentage of market value (POMV) endowment model to draw money from the fund for both government services and the annual dividend to every qualified Alaskan.
These questions get to the heart of both the purpose of the Permanent Fund, established by Alaska voters in 1976, and the purpose of the dividend, first paid out to every qualified Alaska resident in 1982.
We invite you to give your thoughts on the purpose of the fund and how to manage it going forward. We've offered four questions for starters here; you may have other issues about the fund to consider, and it's your 200 words.
If you're responding for letters publication, please hold your comments to 200 words and send your responses to letters@adn.com. You can also respond online in the comments section below this invitation.
• What's the purpose of the Alaska Permanent Fund?
• Should the Permanent Fund dividend be capped, protected in the Alaska Constitution, or left to fluctuate depending on the market performance of the fund's investments?
• Should lawmakers adopt a percentage of market value (POMV) yearly draw on the fund to provide for government services and the dividend, or leave the fund as is?
• If lawmakers did approve the POMV structure, what should the split between government services and the dividends be?