Economic Report 7-19

Economic Report 7-19

April 19, 2019

In this Issue:

How the Permanent Fund came to be
Political vision in 1976, but voices of caution, too
Legislators in 1976 resisted impulse to define Fund in detail
Idea of savings fund surfaced first in 1960s
Prudhoe Bay changed things – normal fiscal rules would not apply
1969 oil lease windfall prompted thinking about future
Gov. Keith Miller introduced first proposal, for a “development” fund
New legislators in 1975 willing to tackle new idea –saving oil wealth
Should some of the Fund be available for an emergency?
What Norway did that Alaska didn’t 

 

How the Permanent Fund came to be

How the Permanent Fund came to be  Political vision in 1976, but voices of caution, too  Editor’s note: Given the importance of the Permanent Fund in making an annual payment to support the state budget and the Permanent Fund Dividend, we present this historical perspective, part one of a series, on the Permanent Fund and the dividend. We first published this in 2017. Mike Bradner was a participant in the Fund creation as Speaker of the House in 1976.  By […]

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AkEconReport-No.-7-2019

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