Stedman bill would tie state income to PFD market value

As the Alaska State Legislature continues with the new session, members in both the House and Senate have put forward ideas to fix the state’s ongoing budget woes.

Sitka Sen. Burt Stedman (R-District R) submitted his own contribution to that discussion, filing Senate Bill 21 on January 18.

“It’s a percent of market value bill for the permanent fund which would have a five-year average market value payout of four percent. Of that four percent, a minimum of half of it or two and a quarter percent would have to go to dividends,” he explained.

The bill would allow legislators to appropriate from t...