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It's no secret that the state of Alaska is short of enough revenues to provide the services its communities need. And until the legislature, the governor and members of the public make hard decisions about taxes and the size of the Permanent Fund dividend, there will not be much state money available to flow to cities and boroughs for construction and repair projects. However, there is always a chance of political compromise that could create opportunities for dealing with backlogged...
To help gain support for his proposal to pay Alaskans $5,000 in Permanent Fund dividends this year, Gov. Mike Dunleavy cites numbers that the Alaska Permanent Fund gained $10 billion on its investments March 31 through Nov. 30, 2020. The state can afford the extra spending, he says. That's not entirely accurate. It's misleading. Before the fund gained $10 billion in eight months, it lost $7 billion in the first three months of the year. But the governor is not talking about those money-losing...