{"id":27041,"date":"2017-03-10T16:22:00","date_gmt":"2017-03-11T00:22:00","guid":{"rendered":"http:\/\/spijue.wpengine.com\/news\/alaska-editorial-nothing-easy-about-permanent-fund-earnings-plan\/"},"modified":"2017-03-10T16:22:00","modified_gmt":"2017-03-11T00:22:00","slug":"alaska-editorial-nothing-easy-about-permanent-fund-earnings-plan","status":"publish","type":"post","link":"https:\/\/www.juneauempire.com\/opinion\/alaska-editorial-nothing-easy-about-permanent-fund-earnings-plan\/","title":{"rendered":"Alaska Editorial: Nothing easy about permanent fund earnings plan"},"content":{"rendered":"

This editorial first appeared in the Peninsula Clarion:<\/span><\/p>\n

During a town hall meeting with local legislators last weekend, Alaska Senate Majority Leader Peter Micciche, a Republican from Soldotna, discussed a plan to use earnings from the Alaska Permanent Fund to help pay for state government. At a press conference in Juneau on Monday, he said that he would consider the current session a success if the Legislature could pass such a measure, along with the operating and capital budgets.<\/span><\/p>\n

On Tuesday, House Majority Leader Chris Tuck, an Anchorage Democrat, responded that focusing on the use of permanent fund earnings would be the \u201ceasy route\u201d in addressing the state\u2019s multi-billion dollar deficit.<\/p>\n

We\u2019d like to pose this question: If a plan to use permanent fund earnings is easy, why hasn\u2019t it been done yet?<\/p>\n

Indeed, Rep. Tuck seems to disprove his own point with that sentiment. For the past two sessions \u2014 and extended sessions, and special sessions \u2014 lawmakers have adjourned without any plan in place to use earnings from the permanent fund.<\/p>\n

No, lawmakers have been taking the easy route for the past two years, drawing on the state\u2019s savings to cover the $3 to $4 billion gap.<\/p>\n

But because lawmakers have taken that route for the past two years, they are quickly running out of the easy route option going forward.<\/p>\n

At that point, using permanent fund earnings will be the only route.<\/p>\n

Rep. Tuck\u2019s point is that he would like to see lawmakers also look at oil tax credits, a point of contention over the past two sessions as well.<\/p>\n

However, lawmakers have known for quite some time that some version of a plan to use permanent fund earnings is the largest and most crucial part of addressing the deficit. It\u2019s been acknowledged by Gov. Bill Walker, by the Senate, and even by other members of Tuck\u2019s House Majority coalition. Too many lawmakers have been putting that tough decision off, saying that they don\u2019t want to look at the permanent fund until they\u2019ve done this or that or the other.<\/p>\n

Meanwhile, Alaska has burned through billions of dollars in savings waiting for this, that or the other to get done.<\/p>\n

We hope that the Legislature takes significant steps during this session to address both the short-term and long-term fiscal health of Alaska. We know that means using a portion of the permanent fund earnings to pay for state services.<\/p>\n

We are under no illusions that doing so will be easy.<\/p>\n","protected":false},"excerpt":{"rendered":"

This editorial first appeared in the Peninsula Clarion: During a town hall meeting with local legislators last weekend, Alaska Senate Majority Leader Peter Micciche, a Republican from Soldotna, discussed a plan to use earnings from the Alaska Permanent Fund to help pay for state government. At a press conference in Juneau on Monday, he said […]<\/p>\n","protected":false},"author":107,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_stopmodifiedupdate":false,"_modified_date":"","wds_primary_category":8,"footnotes":""},"categories":[8],"tags":[],"yst_prominent_words":[],"class_list":["post-27041","post","type-post","status-publish","format-standard","hentry","category-opinion"],"_links":{"self":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts\/27041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/users\/107"}],"replies":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/comments?post=27041"}],"version-history":[{"count":0,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts\/27041\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/media?parent=27041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/categories?post=27041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/tags?post=27041"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/yst_prominent_words?post=27041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}