The Alaska Permanent Fund and the state’s retirement systems have billions of dollars invested and managed by “private equity” companies.
We know little about the specifics because of blanket confidentiality rules. We are told to trust that the experts know what they are doing. Perhaps that’s true.
What we don’t hear from anyone in Alaska state government is any discussion of the impacts of this investment category for the state, the nation and the world.
Read MoreThe alleged office, which I suspect is nothing more than a set of talking points that will be assigned to someone else in the governor’s office, is not something Alaska needs.
What we need is for Dunleavy to do much more about the deficiencies in state government in dealing with families and children.
It is hypocritical of him to claim to be ”pro-life,” while doing nothing to fix the gaping holes in our system that destroy families and lives.
Read More“Averill was an inspiration in how to walk into your twilight years, accepting and adapting to the changes that age brings while continuing to pursue both longtime and new interests. In recent years, he followed the research on phytonocides, substances emitted by trees, as scientists proved what he had always known: that being near trees is good for human health.”
Read MoreNow comes the OFL, which is not a new competitor of the NFL, but the Office of Family & Life, which a far-right ally of Dunleavy claims has been created in the bowels of state government.
The Dunleavy OFL is off to a rough start, as the state employee chosen by Dunleavy to lead the pro-family charge, Jeremy Cubas, flamed out in spectacular fashion, espousing anti-family values.
Read MoreTemporary University of Alaska Regent Tuckerman Babcock doesn’t belong on the UA Board of Regents, not even until the Legislature has the chance to officially reject his appointment by Gov. Mike Dunleavy.
Dunleavy violated state law by failing to appoint a replacement for Bethany Marcum, who was rejected by the Legislature, within the three-day period required by state law. The Alaska Landmine posted the relevant statute on Twitter Thursday night.
Read MoreGov. Mike Dunleavy’s expert on promoting family values turned out to be a guy who thinks rape and Hitler have gotten a bad rap, while Martin Luther King Jr. was a “serial rapist” who accomplished nothing in his life but got “himself shot like a dumbass and died before he accomplished anything.”
Before publication of a story by Alaska Public Media Tuesday that revealed the anti-family views of Dunleavy’s family values expert, Jeremy Cubas resigned from his state job.
Read MoreAlaska Attorney General Tregarrick Taylor had his name on some of the early legal documents for Kevin Clarkson’s anti-union crusade, which is now the Dunleavy-Taylor crusade, based on the proposition that state employees who voluntarily are in a union and voluntarily pay union dues are not acting voluntarily.
Read MoreWhile this topic is certainly worth pursuing and holds potential for some increase in state revenue, it won’t lead to the financial windfall Dunleavy talked about five months ago and it doesn’t justify the victory lap about our stewardship of Alaska that the head of DNR thinks we have earned.
Read MoreGov. Mike Dunleavy was not on a “charity” bear hunt near Cordova, contrary to the description provided by the governor’s office.
Dunleavy, named “Governor of the Year” by the Safari Club in February, was adding his title and presence to support a club fundraising hunt near Cordova.
Read MoreThe budget approved by the Legislature for the fiscal year that begins July 1 is what bipartisan politics looks like.
It’s a sensible compromise that pays for state and local government services that Alaskans depend upon, while leaving difficult questions about a fiscal plan for another day.
The Anchorage Daily News has the best coverage of the one-day special session that saw the Senate strategy prevail, crafted by talented legislative veterans who know how to operate the levers of government and understand the value in working with members of both parties.
Read MoreOne of the big issues in the 2024 state elections will be the corrupt process used by Gov. Mike Dunleavy and the Legislature to give themselves pay raises.
Every incumbent legislator will be called upon to try to defend the scam, which climaxed Tuesday when the state House pretended to oppose their 67 percent pay raises, knowing their vote was meaningless because the bill had been held for weeks. All in the interests of hypocrisy by the House majority.
Read MoreWhile our dependence on oil surpassed Seward’s Folly as a point of discussion decades ago, It’s been about three weeks since Gov. Mike Dunleavy discovered the “folly” of basing state government finances on oil prices.
“To simply ride oil in a do-or-die situation for the state of Alaska is folly. It’s probably not a good idea,” Dunleavy announced, contradicting the blithe assumptions and promises that marked his campaigns for governor in 2018 and 2022.
Read MoreSen. Dan Sullivan claims that President Joe Biden knows the Senate will increase military spending above the president’s proposal and it is the “opposite of leadership” to not put in a higher proposal.
What is really the “opposite of leadership” is for the junior senator from Alaska to endlessly argue for higher military spending without ever proposing higher taxes to pay for it. And to endlessly argue for unidentified spending cuts.
Read MoreLet’s give credit where credit is due: The Republican-led House majority is the biggest obstacle to creating a sensible fiscal plan for Alaska. The House Republicans refuse to bring any of the important pieces to a vote in the 40-member House.
The House Republicans say they can’t cut the budget, but they want a spending cap that would cut $100 million from the budget they can’t cut. The grandstanding brigade can’t identify what services they want to cut.
Read MoreUnbelievably, Bethany Marcum now claims that she did not support Dunleavy’s budget cuts to the university or his veto of $130 million for the university in 2019.
She claims she was quoted out of context. She was not quoted out of context.
Read MoreTexas billionaire Jeff HIldebrand, who has a net worth of $9 billion or $10 billion, wants the Hilcorp loophole in Alaska tax law to remain in place, a provision that costs the state about $100 million a year.
If the state closes the loophole, HIldebrand’s “privately owned family business” claims it will cut Alaska spending and spend money in other states.
Read MoreThe league of SB 21 defenders have lowered the bar and redefined success from an “increase in Alaska oil production” to “stabilizing Alaska oil production” at close to 500,000 barrels a day. But SB 21 was not sold to Alaskans as a plan to stabilize oil production. And there is good reason to believe that Alaska oil production would have stabilized near 500,000 barrels a day under the old tax system.
Read MoreThe state is accepting public comments until Monday on a hardrock mining exploration permit for claims on Ester Dome by Roger Burggraf at the Grant Mine.
Read MoreGeologist Mark Myers, a consultant who works for oil producers around the world, is one Alaska’s most trusted voices on the oil and gas industry in Alaska.
“I have never in many different projects in many different countries, never recommended Alaska’s system as a leading practice. But I do use it as an example of a problematic and failed system,” Myers told the Senate Finance Committee this week.
Read MoreThe two main levers that determine whether Alaska is getting what it should from oil developed on state lands are royalties and production taxes. “We’re getting a half to two-thirds of what other people are getting,” Robin Brena said.
In the decade since the enactment of SB 21, the state has collected $4.5 billion in production taxes and provided $5.6 billion in per barrel credits. The credits mean the alleged 35 percent oil tax is a joke.
“I would call that underperformance on a massive scale,” he said.
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