Alaska Journal | Another special session underway without elusive fiscal plan alaskajournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alaskajournal.com Daily Mail and Mail on Sunday newspapers.
Alaska Permanent records 27 8% fiscal-year return pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
Tue, 07/27/2021 - 7:08pm
Public equities accounting for 38 percent of the Alaska Permanent Fund’s investment portfolio generated returns of 47.1 percent in the first 11 months of the 2021 fiscal year that ended on June 30. The Fund finished the fiscal year with a value of $81.1 billion. (Photo/Luiz C. Ribeiro for New York Daily News/TNS)
The 2021 fiscal year results are in and the Permanent Fund is the big winner.
Alaska’s primary revenue source ended June with a total value of nearly $81.1 billion after starting the year at $65.3 billion.
The 24 percent growth in the Fund over the fiscal year was on the back of nearly unprecedented overall investment returns, which totaled 26.5 percent for the year through May 31, the most recent performance figures available from the Alaska Permanent Fund Corp.
Tue, 07/27/2021 - 7:07pm
The gang of eight lawmakers tasked with breaking the ongoing deadlock over the state’s biggest fiscal decisions have gotten detailed Alaska history and finance lessons in recent meetings but have yet to directly confront the longstanding issues that continue to plague the state.
The joint Comprehensive Fiscal Plan Working Group ramped up to near daily meetings in the week prior to the Aug. 2 start of the special session Gov. Mike Dunleavy called to solve Alaska’s structural fiscal imbalance and discussed the fundamental operations of the Alaska Permanent Fund Corp. as well as several existing proposals to revamp the Permanent Fund dividend.