Alaska Permanent Fund Corp. board again warns that the fund is running out of spendable money • Alaska Beacon | #alaska | #politics
The board in charge of the Alaska Permanent Fund is amplifying its warnings about an impending state financial crisis. Without action by the Legislature, there’s a small but growing chance that within three years, the Permanent Fund — source of more than half of Alaska’s general-purpose state revenue — won’t be able to pay for […]
Read More
Alaska Permanent Fund Corp. leaders approve proposal to borrow up to $4 billion for investments | #alaska | #politics
Deven Mitchell, executive director of the Alaska Permanent Fund Corp., gives a tour of the corporation’s investment floor to Sen. Jesse Kiehl, D-Juneau, and other attendees of an open house on Friday, Feb. 16, 2024. (Photo by James Brooks/Alaska Beacon) The leaders of the $76 billion Alaska Permanent Fund voted unanimously on Friday to adopt […]
Read More
New estimate shows Alaska’s Permanent Fund could be out of spendable money in 3-4 years • Alaska Beacon | #alaska | #politics
The spendable portion of the Alaska Permanent Fund is dwindling and could be exhausted entirely within three years, fund leaders were told during a regular quarterly meeting on Wednesday in Anchorage. Deven Mitchell, CEO of the Alaska Permanent Fund Corp., presented the results of limited modeling that estimates the fund’s performance over the next three […]
Read More