State-owned corporation managing the Alaska Permanent Fund — the $80+ billion sovereign wealth fund built from oil royalties that pays the annual Permanent Fund Dividend to residents.
801 W 10th St #302, Juneau, AK 99801, USA
Alaska's Permanent Fund had a banner year, but the money is spoken for
Alaska Permanent Fund Corporation says $4.0 billion left the Earnings Reserve Account to fund the state's FY27 budget and dividend, with another $4.1 billion already committed for FY28.
by Walter AlaskaNews18h ago4 min readAI
The Permanent Fund wants $215 million to run itself
Alaska Permanent Fund Corporation trustees advanced a $215.4 million FY2028 operating budget request to the governor's budget office, with $163 million of it for external investment manager fees.
by Walter AlaskaNews4d ago2 min readAI
The Permanent Fund earned $8.2 billion and none of it went into protected principal
The Alaska Permanent Fund closed FY26 at $91.9 billion with $8.19 billion in statutory net income, and no inflation-proofing transfer for a second year.
by Walter AlaskaNews5d ago2 min readAI
The Permanent Fund's dividend account is running about $400 million ahead
The Permanent Fund's Earnings Reserve Account held about $400 million above what is required for the fiscal 2028 dividend draw and inflation proofing.
by Walter AlaskaNewsadded 2w ago2 min readAI
An advocacy group argues that cutting the dividend is a hidden tax. Whether it is depends on a question Alaska has never settled.
Alaskans for Sustainable Budgets argues that using Permanent Fund Dividend cuts to fund government is a hidden tax, a claim that rests on a contested and unresolved question about the dividend's purpose.
by Walter AlaskaNews2w ago3 min readAI
Scammers are posing as the PFD to phish Alaskans, and the state says don't bite
Alaskans who moved or changed banks must update their Permanent Fund Dividend records by Monday, Aug. 31, 2026, to be current before October mass payments, and the PFD Division says a fraudulent email using the subject line "IMPORTANT TAX INFORMATION" is circulating.
by Walter AlaskaNews4w ago1 min readAI
A new committee would review how the Permanent Fund measures itself
Alaska Permanent Fund Corporation trustees will consider a Benchmark Review Committee to evaluate the performance benchmarks used to measure the $90 billion fund.
by Walter AlaskaNews1mo ago1 min readAI
Bill Walker is backing away from his plan to end the PFD, weeks after proposing it
Gubernatorial candidate and former Gov. Bill Walker is backing away from his proposal to pay a one-time $10,000 dividend and end Alaska's PFD, now pledging a plan to strengthen the dividend.
by Walter AlaskaNews2mo ago3 min readAI
AIDEA approves $190 million for ANWR seismic surveys and lease evaluation
AIDEA Board just approved $190 million for ANWR seismic work and potential new lease bids in June 2026, banking on incoming Trump administration to reverse Biden-era restrictions that made previous leases economically unviable. This represents one of Alaska's largest-ever investments in Arctic oil development.
by Walter AlaskaNews3mo ago2 min readAI
Senate panel approves $485 million Department of Revenue budget
The Senate Finance Subcommittee on the Department of Revenue forwarded a $485.1 million budget recommendation to the full Finance Committee, including new auditor positions and rejecting structural changes to the Alaska Permanent Fund Corporation.
by Alaska Newsadded 4mo ago2 min readAI
Remote Alaska villages pay $6.63 per gallon as fuel costs strain budgets
by Alaska News4mo ago3 min readAIAlaska Lawmakers Propose Legislative Oversight of $80B Permanent Fund Board
House committee considers requiring legislative confirmation of Alaska Permanent Fund Corporation trustees for the first time since 1982, though constitutional concerns may require a constitutional amendment.
by Alaska News4mo ago3 min readAI