Juneau, Alaska

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

Tag: PFD

PFD Part 2: Breaking Down that $3,000 PFD

Last week we explored a hypothetical dynamic equity model for the PFD. Of course, the Government and the People are not actually business partners. They are two sides to the same coin. So, let’s drop the differentiation for now. This week, let’s simply explore how the current PFD calculation would […]

Another Exploration into the PFD: Part 1

If you haven’t been following along, the amount of the Permanent Fund Dividend (PFD) isn’t just a matter of calculating the earnings anymore. For the last 4 years, the legislature has moved away from using the traditional formula and has begun determining how much to distribute based on what it […]

Fighting Over Invisible Milk

In the event you have been hiking the Brooks Range for the last six months, let me briefly get you up to speed. We have a fairly serious battle going on in Alaska right now. By way of an oil price crash a few years ago, we’ve burned through all […]

Jobs Forecast Challenge: Me vs ISER

On Monday, ISER gave a presentation that suggested the vetoes would cost the economy 4,217 jobs and would send the State whirling back into a recession. I disagree. While it’s ok for us to have different ideas, only one of us will be right. Unfortunately, most people don’t care to […]

What’s Up with that 21%?

This week’s article is inspired by a question that came up during the Bicameral Working Group on the PFD hearing a few days ago. It centers on a portion of the PFD calculation. Here’s the gist: Under the current law, the sum of the earnings over the last five years […]

The 3 Opposing Views of the PFD

The legislature is currently debating the future of Alaska’s Permanent Fund Dividend (PFD). The operating budget has passed, without a PFD. A separate appropriation bill for the PFD has failed on the Senate floor. The House minority tried to stuff the PFD into the capital budget, but didn’t have the […]

The Fuzzy Logic of Columnists Writing about the Earnings Reserve

“How are you going to pay for all that?” a reporter asks Governor-elect Dunleavy. “$19 billion in the ERA. That’s how” he quips. Since well before the press conference following the election, reporters, journalist, columnists, bloggers, opinion havers, and fiction writers have been questioning how the promises made on the […]

Exploring Alaska’s Budget: Part 5 – FY20 Budget Issues

We’ve looked at Alaska’s budget for the past month. In part 1, we learned some terminology. Then, in part 2, we explored what we buy with all that money. In parts 3 and 4, we analyzed where the budget growth occurred during the high oil price years, and how we […]

Alaska By the Numbers – October Edition

If you check your bank account on Thursday, you should receive your $1,600 PFD. I hope you enjoy it! But if you read these pages, you probably know that deposit is smaller than it would have been if paid according to the statutory formula. I previously estimated the “right” number […]

3 Takeaways from Analyzing the PFD

One of the downsides of working alone, is the inability to bounce ideas off others. There is a lot of information gained from seeing brows furrow, lips curl, and eyes glaze over as you speak. Getting challenged to clarify a point or getting another perspective is tremendously valuable. For that […]