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Alaska legislature forms group to solve PFD situation
Alex Bengel
© Provided by Fairbanks KTVF
A view of the Alaska State Capitol building in Juneau.
FAIRBANKS, Alaska (KTVF) - On Tuesday, July 6th, the Alaska legislature announced the formation of a fiscal policy working group designed to find a long-term solution for the Permanent Fund Dividend (PFD).
The group is composed of eight members - four from the Senate and four from the House of Representatives.
Four Democrats, three Republicans and one Independent sit on the group.
The first meeting took place Wednesday, where Democratic Senator Lyman Hoffman struck a hopeful note about the group’s mission. “It is, could be, a turning point in Alaska’s history. The dividend has been a stumbling block for over seven years. Taxes have been a stumbling block. Drawing funds from several pots throughout the last 15 years or so has changed the dynamic of how the legislature works, and I believe that we have the opportunity here to change that course,” he said.

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