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Lawmakers must protect the Permanent Fund from inflation to fortify the state’s oil wealth fund long-term viability, according to a report released by a legislative task force.
One day before the session, the Bicameral Permanent Fund Working Group reviewed the 40-page report. It reflects eight months of meetings, economic modeling and historical reviews of the fund and the Permanent Fund dividend.
The report takes a strong stand on adhering to a two-year-old statute that draws from the fund’s earnings to pay for state services and the dividend. It reflects how most want the Legislature to stay within the limits of that structured draw.