This week I voted against just using permanent fund earnings instead of a fiscal plan. SB 26 passed the Senate on a 12-8 vote.
Alaska will have to use some Permanent Fund earnings if we want the kind of state that educates kids and manages our resources. We've cut the budget for three years running, and there are more cuts this year. But just cutting the budget and using earnings won't close the gap.
Our state also needs a broad based tax that ties government spending to the health of the economy. An income tax does that, and also gets a contribution from people who don't live in Alaska, but do work here. It also balances out the fact using Permanent Fund earnings hits poor Alaskans the hardest.
Using some earnings can be part of a plan - as long as we protect the dividend. But half a plan won't do.
Keeping Alaskans Working!