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
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Scott Jones
“a draft of this budget was sent to Commissioner Earls on August 14th. And if the board prescribes any changes to the budget here today, staff will communicate those to OMB and Department of Revenue.”APFC Board: APFC BOT September Regular Meeting · Sep 3, 2026
Scott Jones
“One other item I would note here is an increment of $50,000, which we have built in for board software to help out with meetings.”APFC Board: APFC BOT September Regular Meeting · Sep 3, 2026
Scott Jones
“So overall, the proposed budget has a 2.5% or $5.3 million increment over the approved FY27 budget.”APFC Board: APFC BOT September Regular Meeting · Sep 3, 2026
Jason Brune
“A little background, we obviously will be transitioning governors this December.”APFC Board: APFC BOT September Regular Meeting · Sep 3, 2026
Scott Jones
“We have replacement of our 33-year-old data center cooling system, which is a one-time cost included here, as well as one-time cost for AI consulting.”APFC Board: APFC BOT September Regular Meeting · Sep 3, 2026
Scott Jones
“So for FY28, we are continuing the process that I believe was started last year. Um, and asking for your full approval of this, of the budget at this meeting, um, rather than at the annual meeting.”APFC Board: APFC BOT September Regular Meeting · Sep 3, 2026
Alaska Permanent Fund hits $91.9 billion with a 12.4% return
Alaska Permanent Fund annual report 2026: fund worth $91.9 billion, 12.42% return, record earnings; trustees back a constitutional amendment for one protected endowment.
by Walter AlaskaNews17h ago2 min read
Former Permanent Fund CEO Angela Rodell joins new group active in Juneau and Sitka elections
Angela Rodell, former Alaska Permanent Fund Corporation CEO, joins Alaska Voter Project as co-chair ahead of Juneau and Sitka Oct. 6 municipal elections.
by Walter AlaskaNews3d ago2 min read
Spann sues state, governor and PFD director in Anchorage court
Stephen Spann, creator of a petition demanding Alaska pay the full statutory Permanent Fund Dividend, sued the state, naming the governor and revenue commissioner.
by Walter AlaskaNews1w ago2 min read
Permanent Fund has $5.7B uncommitted after reserving next draw, inflation transfer
Alaska's Permanent Fund had $5.7 billion uncommitted after reserving its fiscal 2028 draw and fiscal 2027 inflation transfer.
by Walter AlaskaNews1w ago1 min read
PFD pays Oct. 1 by direct deposit, Oct. 22 for paper filers
Alaska has not published the 2026 Permanent Fund Dividend amount ahead of Oct. 1 payments, with paper filers and check requests paid Oct. 22 instead.
by Walter AlaskaNews1w ago2 min read
The Permanent Fund earned a record $8.2 billion the Legislature can appropriate
KPMG gave the Alaska Permanent Fund a clean audit for fiscal 2026, confirming a record $8.2 billion in statutory net income and a $91.9 billion fund. Trustees were told $10.6 billion remains uncommitted in the Earnings Reserve Account, which lawmakers can appropriate for dividends, state services and inflation-proofing.
by Walter AlaskaNews2w ago2 min read
The Permanent Fund's budget is up $5.3 million, and most of it goes to managers
The Alaska Permanent Fund Corporation approved a fiscal 2028 budget $5.3 million above this year, with $3.7 million of it in alternative manager fees.
by Walter AlaskaNewsadded 2w ago2 min read
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 AlaskaNews3w ago4 min read
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 AlaskaNews3w ago2 min read
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 AlaskaNews3w ago2 min read
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 1mo ago2 min read
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 AlaskaNews1mo ago3 min read
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 AlaskaNews1mo ago1 min read
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 AlaskaNews2mo ago1 min read
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 read
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 AlaskaNews4mo ago2 min read
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 5mo ago2 min read
Remote Alaska villages pay $6.63 per gallon as fuel costs strain budgets
by Alaska News5mo ago3 min readAlaska 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 News5mo ago3 min read