So … about these super-sized Everlasting Fund dividend checks?
The small print are nonetheless being labored out, however governor-elect Mike Dunleavy says his dividend plan “goes to be rolled out fairly quick.”
Dunleavy — who gained a lopsided victory Tuesday — promised on the campaign trail to “pay Alaskans back the cash owed to them after three years of dividend cuts.” Particularly, Dunleavy’s campaign stated that if elected he would make up for decreased dividend funds from 2016, 2017 and 2018. The repayments would complete $3,733 per eligible Alaskans, cash that might come along with the regular dividend cost.
Critics saw the plan as brief-sighted, provided that lowered dividends have been part of an effort to build an extended-term monetary plan for funding government providers like public security and stabilizing the state credit rating. Dunleavy, a Republican, stated the normal dividend program shouldn’t have been touched without voter approval.
What happens now? When would the state make these funds? Briefly: Don’t spend that money yet. We don’t knowe xactly when the cash can be paid– and Dunleavy does not know, because a few of the timing selections might depend upon the Alaska Legislature, which does not meet until January.
The governor-elect answered a number of questions on the subject in a brief question-answer session with reporters Thursday in Anchorage, after he spoke to the Alaska Miner’s Affiliation.
This is every thing he stated on the dividend, including a reference to someway placing state land into personal arms — plus the large questions that stay.
Q. What is the time-frame for what you mentioned in the course of the marketing campaign on paying Alaskans again for years of dividends?
Dunleavy: “That is a part of our course of early on. We will develop an strategy to make it possible for that happens. So as we go into the opening of the session (in January) we’ll have that labored out.”
Q. Just to be clear … should individuals anticipate an additional giant dividend in 2019?
Dunleavy: “Individuals ought to anticipate, the historic calculation that went on for decades prior to (SB 26) goes to be the dividend.”
Q. How are you going to pay for that?
Dunleavy: “$19 billion within the (earnings reserve account). That’s the way you pay for that.”
Q. Someone was saying that the PFD may are available land as opposed to money?
Dunleavy: “My objective is that the PFD is paid in cash. We’re working on some concepts relating to land. We have now one hundred million acres of land, very little of it is in personal palms. We have got to make a decision as a state as to what we need to do with our personal state land.”
Q. That might be separate from the PFD?
Dunleavy: “Yeah, and you will see things rolled out on land as…