Legislature(2013 - 2014)CAPITOL 106
02/06/2014 08:00 AM House STATE AFFAIRS
Audio | Topic |
---|---|
Start | |
HJR22 | |
HB274 | |
HJR17 | |
Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
*+ | HJR 22 | TELECONFERENCED | |
*+ | HB 274 | TELECONFERENCED | |
*+ | HJR 17 | TELECONFERENCED | |
HJR 17-CONST AM: GUARANTEE PERM FUND DIVIDEND 9:53:55 AM CHAIR LYNN announced that the final order of business was HOUSE JOINT RESOLUTION NO. 17, Proposing amendments to the Constitution of the State of Alaska relating to the Alaska permanent fund, establishing the earnings reserve account, relating to the permanent fund dividend, and requiring the permanent fund dividend be at least equal to the amount that would be calculated under current law. 9:53:58 AM REPRESENTATIVE LES GARA, Alaska State Legislature, as sponsor, introduced HJR 17. He said the proposed joint resolution asks for the current dividend formula to be put in the Constitution of the State of Alaska. He mentioned that he and Rick Halford were friends with the late Governor Jay, who would say, "You get a fair share for your oil first, and you touch the dividend last." He said the Alaska permanent fund dividend (PFD) creates roughly 10,000 jobs in Alaska and "levels out the highs and lows." He explained that Alaska has had the least differential growth between rich and poor than any other state in the country because of the PFD. He opined that cutting the dividend is the most regressive action that can be taken, because cutting it by $500, while not significantly impacting someone who makes $1 million, would impact someone who makes $12 an hour; it would affect the working class. 9:55:19 AM REPRESENTATIVE GARA cited an article from The Juneau Empire that quotes Governor Hammond as having said his dividend program would allow Alaskans to share in their resource wealth, confine the benefits to Alaskans only, have an equitable impact on both rich and poor, and maximize the favorable impact upon the state's economy by keeping a far larger portion of money to fund the programs here in Alaska. Representative Gara said as fiscal pressures mount in Alaska, there are some who will look first to the PFD. He stated he would like to protect the current dividend formula in the constitution so that the dividend does not get decreased as people begin fighting over deficits. REPRESENTATIVE GARA said the Department of Revenue has predicted that even under "this new oil bill," Alaska will be down to approximately 370,000 barrels of oil a year in ten years' time. He said that is "about the same as they had predicted under a former oil law." He said the state is probably going to be down in revenue by about $12 billion over the next ten years, depending upon oil prices. He reiterated that he does not want the people's dividend to be harmed. He expressed his hope that SB 21 would be reversed, but said regardless of how the state proceeds, the dividend has been a way to stabilize the economy in Alaska and to ensure those in rural Alaska have money for essentials, such as fuel. He said the dividend money spent by rural and urban Alaskans goes right back in to the economy. He relayed there is a study by the Institute of Social and Economic Research (ISER) in the committee packet, which shows what the PFD does to stabilize the economy and prevent the wide gap between rich and poor. 9:58:17 AM RICK HALFORD thanked the committee for hearing HJR 17, which he opined is an important issue. He continued as follows: It is sad that the constituency for equality doesn't have enough insiders in that it's not regressive enough for some or progressive enough for others, but the fact is that the permanent fund dividend is a part of the economic base of the State of Alaska. And if you did need $100 million, who would want to take half of that from the poor, retired, and underemployed and 100 percent of it from Alaska residents, nothing from nonresidents? It's the worst place to go for money, even in a time of shortage. [HJR 17 was held over.]
Document Name | Date/Time | Subjects |
---|---|---|
01 HJR22.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 22 |
02 HJR22 Sponsor Statement.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 22 |
03 HJR22 USA Convention of States.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 22 |
05 HJR22 Alabama.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 22 |
06 HJR22 Idaho.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 22 |
07 HJR22 Arizona.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 22 |
08 HJR22 Florida.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 22 |
09 HJR22 Georgia.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 22 |
10 HJR22 Kansas.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 22 |
11 HJR22 New Mexico.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 22 |
12 HJR22 Pennsylvania.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 22 |
13 HJR22 South Carolina.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 22 |
14 HJR22 Virginia.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 22 |
15 HJR22 West Virginia.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 22 |
16 HJR22 Wisconsin.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 22 |
01 HB0274A.pdf |
HSTA 2/6/2014 8:00:00 AM |
HB 274 |
02 HB 274 Sponsor Statement (H) STA.pdf |
HSTA 2/6/2014 8:00:00 AM |
HB 274 |
03 Fiscal Note OOG HB 274.pdf |
HSTA 2/6/2014 8:00:00 AM |
HB 274 |
04 HB 274 Sectional.pdf |
HSTA 2/6/2014 8:00:00 AM |
HB 274 |
1 HJR 17 Sponsor Statement.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 17 |
2 HJR 17 Version O.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 17 |
03 Fiscal Note DOR HJR17.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 17 |
04 Fiscal Note OOG HJR17.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 17 |
05 Fiscal Note LEG HJR 17.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 17 |
06 HJR 17 How current PFD appropriations work.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 17 |
07 HJR 17 Initiative Petition from 2002.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 17 |
08 HJR 17 ISER report.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 17 |
09 HJR 17 Juneau Empire Jay Hammond quote.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 17 |
10 HJR 17 Legal Memo.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 17 |
11 HJR 17 Relevant statutes.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 17 |
04 HJR22-LEG-SESS-02-05-14php.pdf |
HSTA 2/6/2014 8:00:00 AM |
HJR 22 |