That is the size of the Permanent Fund Dividend the Alaska House Coalition unanimously approved this year: twice. The first time, the House Minority refused to fully fund the PFD reducing it by half. Rather than work with the legislature to ensure full funding of the dividend, the governor then vetoed the dividend completely. During the most recent special session, we voted to restore the $1,100 dividend.

Why can’t we afford a larger PFD?

Nothing is free, and the account that pays dividends also provides most of the funding for everything from troopers, paving and plowing roads, and for schools.
The legislature has to pass a budget that is balanced. Passing a larger dividend today would force us to spend more than is allowed by law from the Permanent Fund. The Permanent Fund now provides two-thirds of Alaska’s unrestricted revenue and must be protected for tomorrow and for future generations.
We believe in a bright future for our state but only if we protect our largest financial asset for Alaskans—the Permanent Fund.

Tough decisions today.

A comprehensive solution in line with the recommendations of the Fiscal Policy Working Group is the only scenario where a one-time overdraw to pay a large dividend would make sense. Sadly, the governor refuses key elements of a comprehensive fiscal plan.
We stand ready to make the tough decisions and close the state’s structural budget deficit. We have put plans on the table that would end the cycle of uncertainty around funding for essential services how much the dividend will be year-to-year.

So what now?

Alaskans can rest assured that we are working hard to make sure a dividend gets out the door on time this fall. You should urge all of your elected officials to step up and do the same.