Juneau, Alaska

(907) 699-6788 ed.king@kingecon.com

Tag: PFD

Alaska’s Finances Aren’t as Bad as You Think

If you happen across some information about Alaska’s current financial situation, you probably get the impression that we are in dire straights. When oil prices crashed 77% in late 2014, the State’s oil revenues collapsed – leaving a gaping hole in the budget. By all accounts, we’ve been deficit spending […]

The Death of the Permanent Fund Dividend

Alaska is blessed with natural beauty and natural resources. In many ways, our State is the envy of governments around the world. People from outside spend thousands of dollars to enjoy what we see every day. Meanwhile, we pay no income or sales tax, plus receive a dividend check each […]

Alaska by the Numbers – March 2020

March was a crazy month. It’s almost unbelievable how quickly the world changed in response to the COVID-19 pandemic. Here are some quick highlights about how Alaska’s finances and economy were impacted by the pandemic. The Stock Market Collapsed March began with the Dow at 26,703. By the end of […]

Flattening the Recession Curve

You’ve probably heard the phrase “flatten the curve” quite a bit over the last month. It’s been popular when talking about the current pandemic. Economists use a similar model, except that we want money to pass from person to person as fast as possible. The tie between epidemiology and economics […]

The Economic Damage of the Pandemic

At this point, you’ve probably heard more about the COVID-19 than you can stand. I feel you. And I don’t want to pile on to the discussion about the disease itself. But, the measures to protect public health will have economic consequences. While doing a full analysis of that economic […]

Analyzing HB306 (the PFD bill)

The leadership of the Alaska House of Representatives introduced a piece of legislation on March 5th that would fundamentally change the Permanent Fund Dividend (PFD). The House Finance Committee will be taking up the bill this week. If you would like to provide your thoughts on the bill, public testimony […]

How Hard is it to Hit That $100 Billion Target

The House passed HCR13 earlier this week, mostly along caucus lines. The resolution is now in the Senate. It states that the legislature is committed to protecting the Permanent Fund and ensuring the continuation of the PFD for future generations. While the language is not actually in the resolution, the […]

Fixing Alaska’s Investment Earnings Paradox

I wrote a piece a few weeks back about how Alaska’s current investment earnings laws don’t work together. They create a paradox in which the budget deficit gets smaller if investment earnings get worse. In the extreme, we could balance the budget by losing $7 billion in the stock market. […]

What Will the New Decade Bring for Alaska?

If you were on social media at all last week, you probably got your fill of reflections, resolutions, and predictions. Everyone wants to talk about what happened in 2019 and what 2020 will bring. But, we didn’t just turn the calendar this year – we changed decades. So, just for […]

Alaska By The Numbers – December 2019

Now that the holidays are over, it’s time to turn our attention back to Alaska’s financial problems. Here are some of the highlights of what happened in December 2019. The Governor Released His FY21 Budget Proposal The governor rolled out his proposed FY21 budget on December 11th. To the surprise […]