Crawford: Capping dividends costs you dearly

posted by Rick Rydell -

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For months, I’ve asked the Walker administration to provide the statutory amounts of the 2016, 2017 and projected 2018 Permanent Fund dividends compared to the actual dividends paid. 

The public has a right to know their costs.

Stonewalled, I reread the statute that’s been in place since 1982. I calculated each years’ dividend as the statute requires and compared that with the vetoed and capped amount actually paid in 2016 and in 2017 and proposed for 2018. The Legislature and administration concurred on the capped dividends.

AS 43.23 requires dividends based on a rolling five year average earnings, reduced by unrealized earnings, inflation proofing and a few other reimbursements. How much is each Alaskan owed from their investment account?

Crawford: Capping dividends costs you dearly


Rick Rydell

Rick Rydell

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