While oil revenue has largely funded the state of Alaska for nearly five decades, oil can no longer support it alone. Alaska’s Permanent Fund is the envy of any other state. If managed responsibly, the Permanent Fund will fund our present needs, as well as the needs of future generations, indefinitely.

Alaskans for Common Sense supports the largest dividend we can responsibly afford by following disciplined guidelines to ensure sustainability.

We could have it all if we do the following:

Avoid Unnecessary Taxes

Do not increase taxes on current resource industries, businesses, or individuals in a manner that threatens further investment, economic development and prosperity for Alaskans. It is possible additional taxes could be needed to support essential services in the future, but it would make no sense to impose higher taxes simply to pay out an unsustainable dividend. 

Don’t Overdraw the Permanent Fund

Do not violate the annual 5% POMV (Percent of Market Value) draw from the Permanent Fund. This 5% allowable draw is the law and is an effective spending limit on government services and the dividend. Overdrawing the fund is reckless. It reduces long-term earnings and our ability to pay dividends, maintain low taxes and support essential state services. This discipline would sustainably preserve the Permanent Fund for our children.

Don’t Annihilate Essential Services & Infrastructure

Do not destroy essential state services or capital investment.  We must be responsible in our spending, and continue to cut unnecessary expenses, while still supporting the essential needs of Alaskans. Annual investment in infrastructure, deferred maintenance and education is critical for future economic growth.