Dunleavy economist challenged on dual PFD positions

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Gov. Mike Dunleavy’s chief economist received pushback Thursday from a Senate panel, over some of his previous writings on Permanent Fund dividends before being hired to defend Dunleavy’s fiscal plan.

Economist Ed King has been advocating for Dunleavy’s plan to back-pay three years of reduced dividends, which weren't paid under the state's statutory formula.

Dunleavy also wants to pay a full dividend that would cost about $1.9 billion from the fund’s earnings reserve account, while trying to close what his budget team has identified as a $1.6 billion deficit.

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