EDITORIAL: The reversal of Jay Hammond’s Permanent Fund dream

EDITORIAL: The reversal of Jay Hammond's Permanent Fund dream

May 20—As the Alaska House of Representatives flew through a one-day special session and swiftly signed off on a Senate budget with a narrowly tailored capital package aimed at swaying key votes, there was no meaningful debate, no delay and, most notably, no mention of the topic that has consumed much of the oxygen in the halls of the Capitol since January: the size of the Permanent Fund dividend.

When then-Gov. Jay Hammond envisioned in the late 1970s the program that would become the PFD, he called it "Alaska Inc.," a nod to the idea that residents would be shareholders […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.