NEWS: Bill Signed to Modernize Alaska’s Public School Trust Fund Using POMV Model

Fairbanks – Today, legislation was signed into law changing the management structure of the $675 million Alaska Public School Trust Fund to a percent of market value (POMV) system. POMV has become the standard global management approach for large endowments and trusts. House Bill 213, sponsored by Representative Justin Parish (D-Juneau), will result in a significant increase in funding available for public education in Alaska.

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Coalition Members Reflect on the 30th Alaska Legislature

Juneau – After a flurry of legislative action, the Alaska House of Representatives joined the Alaska Senate in adjourning the Second Session of the 30th Alaska Legislature sine die early Sunday morning. Members of the Alaska House Majority Coalition reflected on the legislative achievements of the session.

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House Passes Bill to Facilitate More Money for Public Education in Alaska

Juneau – Earlier this week, the Alaska House of Representatives passed legislation sponsored by Representative Justin Parish (D-Juneau) to modernize the $675 million Public School Trust Fund to generate millions of dollars a year more for public education in Alaska. House Bill 213 restructures the fund and allows an annual percent of market value (POMV) draw based on the total value of the fund while protecting its inflation-adjusted value.

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OPINION: Answers to your questions about public safety

Why has crime increased in Alaska? Three of the biggest drivers are the opioid epidemic, the ongoing recession and multiple years of cuts to law enforcement (both on the street and in the courtroom). How much is because of each of those, and how much is because of state policy, I just don’t know. As far as I’ve seen, no one can say for sure.

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NEWS: Juneau Delegation Wants to Hear from You About Legislative Priorities

Juneau – The Juneau delegation in the Alaska House and Senate will hold a town hall on Wednesday to discuss legislative issues, including the ongoing fiscal crisis and efforts to reform Alaska’s criminal justice statutes. The public meeting will include Senator Dennis Egan (D-Juneau), Representative Sam Kito III (D-Juneau), and Representative Justin Parish (D-Juneau).

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NEWS: Special Session Compromise; End Cash Credits Now

Anchorage – The Alaska House Majority Coalition has communicated a proposed compromise to the Alaska Senate Majority to address oil tax credit reform, which is the subject of the ongoing Second Special Session of the 30th Alaska State Legislature. Coalition members support changes to House Bill 111 to end the practice of paying oil companies cash subsidies for certain tax credits. This is expected to save the State of Alaska an estimated $1.5 billion over the next ten years.

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Rep. Parish’s June 30th Newsletter: Capitol Update

The House passed an operaƟng budget, for a third Ɵme this year, nine days before a shutdown. We prevented the worst cuts proposed by the Senate Majority. They proposed cuts to educaƟon that would have cost the Juneau School District 25 teachers and staff. They proposed cuts that would have closed the Juneau Pioneer Home. They proposed cuts that would have costed your friends and neighbors their jobs.

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NEWS: House Moves to Prevent Government Shutdown with Passage of Combined Operating and Capital Budgets

Juneau – Tonight, to avoid a government shutdown at the beginning of the month, the Alaska House of Representatives passed a combined Capital and Operating Budget for Fiscal Year 2018. The House budgets reverse the Senate’s $69 million cut to K-12 education and most of the cut to the University of Alaska. Additionally, the Capital Budget restored the full amount of expected Permanent Fund Dividends, which will be paid in the fall to eligible Alaskans.

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