Ex-Alaska senator works on Permanent Fund repeal plan
ANCHORAGE, Alaska (AP) – A former state senator is preparing to fight back against a bill that would restructure the Alaska Permanent Fund and reduce the dividends Alaskans receive from the oil-wealth fund each year.
The Alaska Journal of Commerce reports both houses of the Legislature have passed a version of Gov. Bill Walker’s plan to use some of the fund’s income to pay off the state’s multibillion-dollar deficit.
If Walker signs off on such a bill, former Republican Senate President Clem Tillion says he’ll work to repeal it.
Tillion says he’s already getting financial commitments to back the effort.
He’s confident he’ll get the 30,000 signatures needed to put the repeal question before voters on the August 2018 primary ballot should the bill pass.
Walker says restructuring the fund “is a cornerstone of any solution” to Alaska’s budget problems.
Information from: (Anchorage) Alaska Journal of Commerce, http://www.alaskajournal.com
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