Permanent Fund

For the first time in a decade, the Alaska Permanent Fund Corp., source of more than half of Alaska’s general-purpose state revenue, posted negative investment returns for an entire fiscal year. (Michael S. Lockett / Juneau Empire File)

Alaska Permanent Fund Corp posts negative returns for first time in a decade

The decline will not have an immediate negative effect on state finances

For the first time in a decade, the Alaska Permanent Fund Corp., source of more than half of Alaska’s general-purpose state revenue, posted negative investment returns for an entire fiscal year. (Michael S. Lockett / Juneau Empire File)
Rep. Zack Fields, D-Anchorage speaks during a rally urging the Alaska government, particularly the Permanent Fund Corp., to divest itself from any Russian investment. Legislation to require divestment did not pass the Legislature. The state still holds millions of dollars in Russian investments. (Peter Segall / Juneau Empire File)

State still holds millions in Russian investments

Llegislation that would have required the state to sell its Russia holdings did not pass.

Rep. Zack Fields, D-Anchorage speaks during a rally urging the Alaska government, particularly the Permanent Fund Corp., to divest itself from any Russian investment. Legislation to require divestment did not pass the Legislature. The state still holds millions of dollars in Russian investments. (Peter Segall / Juneau Empire File)
The offices of the Alaska Permanent Fund Corporation got some rate sun on Tuesday, March 1, 2022, as Alaska's lawmakers urged the corporation's Board of Directors to divest from Russian assets in response to the invasion of Ukraine. (Peter Segall / Juneau Empire)

Permanent Fund to hold Russian assets as lawmakers urge divestment

Many states are divesting.

The offices of the Alaska Permanent Fund Corporation got some rate sun on Tuesday, March 1, 2022, as Alaska's lawmakers urged the corporation's Board of Directors to divest from Russian assets in response to the invasion of Ukraine. (Peter Segall / Juneau Empire)
Senate Finance Committee members Sens. Bert Stedman, R-Sitka, and Natasha Von Imhof, R-Anchorage, listen to public testimony for bills related to the Permanent Fund Dividend on Monday, Feb. 21, 2022. The majority of callers accused lawmakers of stealing PFD money. (Peter Segall / Juneau Empire)

PFD formula proposals provoke strong public reaction

Familiar arguments.

Senate Finance Committee members Sens. Bert Stedman, R-Sitka, and Natasha Von Imhof, R-Anchorage, listen to public testimony for bills related to the Permanent Fund Dividend on Monday, Feb. 21, 2022. The majority of callers accused lawmakers of stealing PFD money. (Peter Segall / Juneau Empire)
Peter Segall / Juneau Empire File This photo shows the Alaska State Capitol. The Capitol will be the site of a committee hearing next month that will focus on the recent firing of Alaska Permanent Fund Corp. CEO Angela Rodell.

Committee seeks answers, documents related to Permanent Fund Corp CEO’s firing

Hearing scheduled for mid-January.

Peter Segall / Juneau Empire File This photo shows the Alaska State Capitol. The Capitol will be the site of a committee hearing next month that will focus on the recent firing of Alaska Permanent Fund Corp. CEO Angela Rodell.
The Alaska Permanent Fund saw record earnings this year and lawmakers are deeply divided about what to do with the earnings. (Peter Segall / Juneau Empire File)

Permanent fund earnings were record-breaking, but annual draws are average

Record earnings.

The Alaska Permanent Fund saw record earnings this year and lawmakers are deeply divided about what to do with the earnings. (Peter Segall / Juneau Empire File)
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.

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

Lawmakers announce PFD working group

First meeting Wednesday.

Alaska State Capitol
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.
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)
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)