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Post by Logan on Apr 19, 2016 3:48:27 GMT -6
The Alaska Senate Finance Committee has unveiled its plan to fill much of the state’s $4.1 billion annual deficit using the Alaska Permanent Fund. In a Tuesday afternoon meeting, Sen. Anna MacKinnon, R-Anchorage and co-chairwoman of the committee, debuted “in pencil — per the governor — a committee substitute for Senate Bill 128.” Senate Bill 128, proposed by Gov. Bill Walker earlier this year, proposed turning the $52.2 billion Permanent Fund into a money factory generating $3.3 billion per year from its investments for state operations. The new proposal takes Walker’s notion and blends it with Senate Bill 114, a similar notion proposed by Sen. Lesil McGuire, R-Anchorage, last year. Read more: juneauempire.com/state/2016-04-13/committee-unveils-permanent-fund-plan
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