style='font-size:12.0pt;font-weight:normal'>As adopted by the Conference of Alaskans Feb. 12, 2004
style='font-size:12.0pt;font-weight:normal'> A RESOLUTION Expressing the sense of the conference that a part of the income of the Alaska permanent fund should be used for essential state services, such as education, public protection and other necessary public services. BE IT RESOLVED BY THE CONFERENCE OF ALASKANS: WHEREAS the earnings of the Alaska Permanent Fund exceed the amount of revenue realized by the state from oil and gas taxation and royalties;
style='font-size:12.0pt'>WHEREAS the fiscal crisis facing Alaska is a clear and present danger to the adequate provision of necessary public services;
style='font-size:12.0pt'>WHEREAS Alaska must not impose self-inflicted harm; and WHEREAS Alaska’s state spending is inadequate to meet current needs for public education, public protection, and many other necessary state services; and WHEREAS the conference believes that after the dividend is protected a permanent fund dividend distributed, and any remaining funds available for distribution are used for essential government services, additional revenues will be needed to fully fund and protect those essential government services.
style='font-size:12.0pt'>NOW THEREFORE LET IT BE RESOLVED: A portion of the distribution of the percent of market value (POMV) of the Alaska Permanent Fund should be used for essential state services, such as education, public protection and other necessary state services. However this recommendation is subject to the following conditions: (1)
style='font:7.0pt "Times New Roman"'> Dividends must be paid out first from the amount available under the percent of market value (POMV) distribution method, as recommended by the board of trustees of the Alaska Permanent Fund, with the remainder available to fund essential state services; and
style='font-size:12.0pt'>(2) The governor and legislature must take action to balance the state’s revenues and expenditures, including but not limited to consideration of a personal income tax, other broad-based taxes and other alternative sources of income.
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