Legislature(1995 - 1996)

10/01/1995 10:40 AM House LRP

Audio Topic
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
txt
                                                                               
            LONG RANGE FINANCIAL PLANNING COMMISSION                           
                        October 1, 1995                                        
                           10:40 a.m.                                          
            Anchorage Legislative Information Office                           
                       Anchorage, Alaska                                       
                                                                               
                                                                               
 BRIAN ROGERS:  Mike.                                                          
                                                                               
 MIKE O'CONNOR:  It's a long way from where we are and it takes our            
 spending, next week as soon as they get this (indisc.) through, up            
 to $3 billion.  So they take a half a billion out every year, you             
 guys replenish it every year.  We haven't changed a thing, we're in           
 the same place we are right now, taking it out of the budget                  
 reserve every year.  That's why they sent us down here.  They've              
 been taking a half a million out for three years now - half a                 
 billion.                                                                      
                                                                               
 MR. ROGERS:  I think the motion on the table is to require the                
 schilling deposit of the amount in excess of...                               
                                                                               
 MELISSA FOUSE:  No, the purpose is to maintain...                             
                                                                               
 MR. ROGERS:  Ya, well it puts the section in the purpose but that             
 has no impact on what happens.  But in addition to saying it's part           
 of the purpose to put the amounts in excess of the prior year                 
 general fund oil and gas revenues automatically jumps from the CBR            
 to the permanent fund.  Are you ready to vote on that?  All in                
 favor please raise your hands.  One, two, three, four.  All                   
 opposed.  One, two, three, four, five, six, seven, eight, nine.               
 O.K. motion fails.                                                            
                                                                               
 JUDY BRADY:  Bob Loescher, I followed your vote, you screwed up and           
 voted on the wrong side.                                                      
                                                                               
 BOB LOESCHER:  I did?                                                         
                                                                               
 BRUCE LUDWIG:  No, you voted on the right side, more people on the            
 wrong side.                                                                   
                                                                               
 MR. ROGERS:  Can we find out whether -- can we try again on the               
 three-quarters verses one-half to the deposit or composite from the           
 CBR to the permanent fund?                                                    
                                                                               
 MR. LUDWIG:  Could we limit the question to when the balance is               
 less that?  I guess I wouldn't have a problem with a simple                   
 majority if the balance was $2 billion and they were gonna                    
 appropriate a half a billion as I would if we were gonna                      
 appropriate a billion when there is a billion and a billion and a             
 half.                                                                         
                                                                               
 LEE GORSUCH:  We just lost that one, Bruce.                                   
                                                                               
 MR. ROGERS:  All those -- we'll vote on a half versus three-                  
 quarters and if we don't get a clear majority, then lets try                  
 another version of this.                                                      
                                                                               
 MR. GORSUCH:  All I would say is that means a simple majority can             
 destroy the whole utility of the constitutional  budget reserve.              
                                                                               
 MR. ROGERS:  All those in favor of three-quarters to dump from the            
 CBR into the permanent fund please raise your hand.  One, two,                
 three, four, five, six, seven, eight, ten.  O.K., so were at three-           
 quarters.                                                                     
                                                                               
 ANNALEE MCCONNELL:  It's all in the packaging.                                
                                                                               
 CHAIRMAN ROGERS:  O.K., is there further work on reserves that                
 needs to be made.  Does anyone -- O.K., we're ready to move on too.           
 O.K., we've covered CBR, we've covered permanent fund earnings                
 reserve, we have permanent fund dividend was the next that I had              
 and then came income tax.   Permanent fund dividend, we had the               
 straw vote a couple of nights ago that set a level but the issue on           
 permanent fund dividend is the choices that we've discussed are:              
 1. Cap; and 2. We use the formula based on earnings.                          
                                                                               
 JUDY BRADY:  And 3. To use the formula based on earnings with some            
 play -- so you can subsidize up to the cap, because if the earnings           
 give you $450 and you have $700 cap then you could subsidize that             
 if you could keep your spending.                                              
                                                                               
 MR. ROGERS:  The third one is a formula based on earnings that the            
 legislature can adjust that number up or...                                   
                                                                               
 MS. BRADY:  Up or to a cap.  Maybe not to a cap (indisc.).                    
                                                                               
 MR. ROGERS:  And we have discussed that we're looking at a target             
 level, first (indisc.) looking at a target level of about $700                
 nominal in 99 and in 05 about $700 nominal was where the -- seemed            
 to be the set point for everybody earlier but that's not                      
 necessarily part of our bow.  I think we vote to cap, we'll have to           
 vote on a number and if we vote on a formula, we'll have to come up           
 with that formula and look at what it means.  Are you ready to vote           
 on the cap formula or formula with adjustments?                               
                                                                               
 MARY NORDALE:  Before we take the vote I just want to make the                
 point that if you cap the individual dividends, you got a                     
 population driven program.                                                    
                                                                               
 MS. BRADY:  Right, you want to cap that.                                      
                                                                               
 MS. NORDALE:  And so if you cap the dividend fund as a formula of             
 earnings, you then have more certainty in the amount of -- the                
 total amount that is gonna go out in dividends but you don't                  
 necessarily have a fixed individual dividend and you could fix your           
 cap in such a way that you're gonna arrive at your $700 nominal.              
                                                                               
 CHAIRMAN ROGERS:  If we have four we have a capping individual,               
 capping total formula, formula adjusted, and cap total (indisc.).             
                                                                               
 UNIDENTIFIED SPEAKER (Male):  What is the formula?                            
                                                                               
 MR. LUDWIG:  That's what I'd want to know.                                    
                                                                               
 MR. ROGERS:  Well if you vote for the formula based on earnings, we           
 would then -- if that's the -- if the majority wants a formula                
 based on earnings, we'll then have to develop that formula.  If the           
 majority wants a cap, we'll have to develop that cap.  If the                 
 majority wants a cap on the total dividend pay out we'll have to              
 decide that dividend pay out.  But which of the approaches we                 
 follow, I think -- I believe it's more economical on time to decide           
 which approach then work out the approach then to work out all the            
 details on three approaches and then decide among them.                       
                                                                               
 PAT POURCHOT:  But Brian, now keep in mind the decisions already.             
 We've already gone to the payout so if you're talking about a                 
 formula based on earnings, you know you're getting doubly                     
 complicated here.  The earnings scheme is just 4 percent.  I mean             
 it's not based on earnings per se.  It's based on...                          
                                                                               
 MR. ROGERS:  Four years worth the market values, ya.                          
                                                                               
 MR. POURCHOT:  Right, so -- I mean this looks different when you're           
 just talking about the Rieger plan.                                           
                                                                               
 MR. ROGERS:  Yes.                                                             
                                                                               
 MR. POURCHOT:  But now...                                                     
                                                                               
 MR. ROGERS:  The formula based on earnings could be, for example,             
 1 percent of the 4 percent.                                                   
                                                                               
 MR. LUDWIG:  We could define it that way?                                     
                                                                               
 MR. ROGERS:  Yes.                                                             
                                                                               
 MS. NORDALE:  Then that would be 25 percent of the total pay out              
 for the dividend.                                                             
                                                                               
 MS. BRADY:  Well O.K., could we just talk about the policy                    
 implications a little bit.  For one thing, I like the capping the             
 total dividend pay out somehow, and but you couldn't do that you              
 could -- if we do that formula -- I mean that you could involve a             
 formula based on earnings to do that.                                         
                                                                               
 MS. NORDALE:  As Pat was saying, you don't want to do it on                   
 earnings because you're getting your 4 percent total pay out from             
 the fund which would include the dividend amount.  So what you want           
 is your formula based on a percentage of your pay out, not a                  
 percentage of your earnings.                                                  
                                                                               
 MS. BRADY:  O.K., that's O.K.  O.K. so that -- cause I want -- a              
 couple of things I want policy wise would like to see, if possible,           
 is that since we put some of the earnings into the revenue stream             
 anyway that the dividend be part of that whole package and that               
 things happen both as relates to how much comes in and how it                 
 relates to house spending is done so -- and what gave me the idea             
 is Mike was talking about the fact that he had a percentage out               
 there and somebody said that would drop it down to - it's like $500           
 or something and -- but then what you would do because we've all              
 think that the cap be for like $700, the pool should be $700, how             
 we want to do that.  But you'd subsidize that out of -- and you'd             
 give people, you know, cause you control your spending so you'd               
 subsidize the dividend if you wanted to.  And in times when you               
 needed it for roads and schools and that kind of stuff, that would            
 be the formula.                                                               
                                                                               
 MS. NORDALE:  I disagree with that.  We're not talking about                  
 earnings.                                                                     
                                                                               
 MR. ROGERS:  No what I'm saying it was one of our goals earlier on.           
 We're short by thirty or forty million if I remember right.                   
                                                                               
 MS. BRADY:  Then take more money out of the budget reserve fund.              
                                                                               
 MR. ROGERS:  So we're gonna need to -- and that's where it comes              
 from.  It automatically comes from there under the model but I                
 think we ought to look at -- just take another look at it and see             
 if we're comfortable or uncomfortable with where things are and how           
 things relate to each other.  What I'd like to be able to report to           
 the governor and legislative leadership tomorrow is that we have a            
 super majority of the commission that favors a - that supports the            
 three year plan, and I believe that we're at in excess of 75                  
 percent of the commission favoring the three year plan.                       
                                                                               
 UNIDENTIFIED SPEAKER (Male):  What, about 11 out of 15.                       
                                                                               
 MR. ROGERS:  Ya.  I think there are 11 or 12 but I want to count              
 that to make sure that I'm able to say that and then speak to the -           
 - what's in that three year plan in terms of 40, 30, 30, what it              
 means - nominal and real, what the taxes are and what they mean,              
 the dividend change and the constitutional amendment with endowment           
 pay out revising the CBR sweep and the deposits from the earnings             
 reserve and the CBR into the fund.  And then say at the end of the            
 three year plan, we're close to balance and we may be after we                
 finish today, and then that we would suggest to review in the                 
 winter of 98 and 99.  And at that point, we come to a fork in the             
 road where we can either cut spending further, cut dividends                  
 further or impose the income tax and...                                       
                                                                               
 MS. BRADY:  Or get more money from the permanent fund.                        
                                                                               
 MR. ROGERS:  Or get more money from the permanent fund and that a             
 bare majority favors the income tax at that point, but that will              
 really be a decision left to the next round of this and the five              
 year plan, if you make that choice, carries out the ten year plan             
 as well, but that there is not consensus or a super majority on the           
 longer term, but I think we're there on this first three years.               
                                                                               
 MS. NORDALE:  When you say, "Get more money from the permanent                
 fund," what percentage are you using?  I thought we were talking              
 about a 4 percent as a constitutional amendment.                              
                                                                               
 MR. ROGERS:  We're at 4 percent of the five years as a                        
 constitutional amendment.                                                     
                                                                               
 MS. NORDALE:  Ya, so when you say get more money out of the                   
 permanent fund then I presume what you're talking about is reduce             
 the dividend.                                                                 
                                                                               
 MS. BRADY:  He said you could go up to 5 percent.                             
                                                                               
 MS. NORDALE:  Ya, but I mean you're gonna have some kind of a                 
 constitutional limit on the amount you can draw otherwise you                 
 haven't got Chinaman's chance (indisc.).                                      
                                                                               
 MS. BRADY:  But I mean they could change it five years from now,              
 change it to 5 percent if they wanted to (indisc.) you know, and if           
 the legislature keeps on spending money the way it's spending right           
 now, the governor always says O.K. we're gonna, you know, give all            
 this money to education, education doesn't (indisc.) say we're out            
 of here (indisc.).                                                            
                                                                               
 MR. ROGERS:  I think that the dynamic that's set up in 98 and 99 is           
 an interesting one, some of us come to for this different reason              
 because the decision in 99 or 00 to impose an income tax or cut               
 spending, some of us have different ideas as to what ought to or              
 will happen then.  And I think those of us that think that spending           
 has been cut far enough are taking a little bit of a risk with this           
 as are those who think that spending hasn't been cut far enough.              
                                                                               
 MS. BRADY:  I think spending on agencies has been cut too far.  I             
 think that pass through stuff to nonprofits cannot involve such               
 involute individuals and all that stuff.  Way way way way way out             
 of line, but I think agencies have taken about as much cut as they            
 can take.                                                                     
                                                                               
 MR. ROGERS:  I've seen for about 30 seconds on a screen is all,               
 there may be errors in it but the a -- the changes are first the --           
 are on about the fifth line.  The permanent fund endowment earnings           
 is set at 4 percent of the previous five years market value.                  
 Spending cuts are the same, taxes the same, CBR dumps down to $1.5            
 billion.  I did not have time to get it into the formula that we              
 have agreed upon but that makes very little difference.  We've                
 talked about the next year's oil and gas revenues.                            
                                                                               
 MS. BRADY:  You need to change your other resource tax increases              
 again with fisheries and bottom fisheries.  You've gotta do that.             
                                                                               
 MR. ROGERS:  That's right, I'm $10 million over here because it was           
 fishery and other tax.  So not that -- that whole line comes out              
 and changes to fishery and other resource.                                    
                                                                               
 MS. BRADY:  You know the other thing that we could do is not put              
 that 244, 259.  Put that back in, that 50 percent, you know, remove           
 it to 50 percent.                                                             
                                                                               
 MR. ROGERS:  As you can see, this one is still unbalanced in FY 00            
 by about -- 99 and 00 by about $50 million.                                   
                                                                               
 MR. POURCHOT:  Did you hear Judy's point?  I mean that really is              
 a...                                                                          
                                                                               
 MR. ROGERS:  That's a major point.  That would be a major shift.              
                                                                               
 MR. POURCHOT:  Well you want money to balance -- that 50 percent              
 deposit retroactively in the permanent fund, it shows up with the             
 second negative light is a big significance.                                  
                                                                               
 MS. BRADY:  That's right and you don't know if you're gonna get all           
 these other taxes.                                                            
                                                                               
 MR. ROGERS:  On the other hand, if we don't make that deposit what            
 happens is the fund difference is very different in the out years.            
                                                                               
 MS. BRADY:  Ya, but we're already shoving a lot of money into it.             
                                                                               
 MR. ROGERS:  Is there discussion on the 25 versus 50 percent?                 
                                                                               
 UNIDENTIFIED SPEAKER (Male):  Where are we?                                   
                                                                               
 MR. ROGERS:  Judy has suggested that on line 2, we drop out the               
 additional deposit to the permanent fund.                                     
                                                                               
 UNIDENTIFIED SPEAKER (Male):  I vote "no," not only "no" but with             
 emphasis.                                                                     
                                                                               
 MR. GORSUCH:  Leave it at 25.                                                 
                                                                               
 SENATOR GEORGIANNA LINCOLN:  Leave it at 50.                                  
                                                                               
 MR. ROGERS:  Well no, Judy has proposed to drop it from 50 back               
 down to 25.                                                                   
                                                                               
 MS. MCCONNELL:  And on the fishery and other - the combination, is            
 the combination gonna be 20 or...                                             
                                                                               
 MR. ROGERS:  The combination is gonna be 20.  I misunderstood the             
 direction from the group and so that'll drop $10 million a year out           
 of the line.                                                                  
                                                                               
 MS. MCCONNELL:  Why does that drop 10?                                        
                                                                               
 MR. ROGERS:  Because I thought it was 20 fishery and 10 other                 
 resource, and what we had agreed on was 20 fisher and other                   
 resource.                                                                     
                                                                               
 SENATOR LINCOLN:  I guess I misunderstood too because I thought we            
 were going to put it all together as fisheries.  We talked about it           
 I thought as fisheries 20 but combining it as fishery and other               
 resources.  I didn't know that it was 20 for as the combination.              
                                                                               
 MR. LUDWIG:  I thought it was 50 combination (indisc.).                       
                                                                               
 MR. ROGERS:  It sounds like we don't know how we voted so maybe we            
 ought to vote again.                                                          
                                                                               
 MR. O'CONNOR:  I thoughT it was 33.                                           
                                                                               
 MR. ROGERS:  You thought it was -- that was two weeks ago that it             
 was 33, then it became 0.  So on the issue of what should be the              
 fishery, it's now a single line - fishery and other taxes.  And               
 actually in the spreadsheet, if we publish one, I'd like to try               
 combining the sin taxes, the consumption taxes and the business               
 taxes together so we can take up less space and make the number               
 bigger so people can read them.                                               
                                                                               
 MS. MCCONNELL:  I thought you meant make it bigger.                           
                                                                               
 MR. ROGERS:  No, make the number physically bigger.                           
                                                                               
 MR. LUDWIG:  I though we were gonna step up the alcohol tax like we           
 did the tobacco.                                                              
                                                                               
 MR. ROGERS:  What's the feeling on that?                                      
                                                                               
 UNIDENTIFIED SPEAKER (Female):  Yes.                                          
                                                                               
 UNIDENTIFIED SPEAKER (Male):  Yes.                                            
                                                                               
 MR. ROGERS:  How far and how fast and how often.                              
                                                                               
 MR. MOTLEY:  Double it every third year - 20, 40, 60, I mean not              
 24.                                                                           
                                                                               
 MR. ROGERS:  And I also, on the alcohol taxes, I think that -- what           
 I'd like to do is take out of the spreadsheet references to                   
 existing pieces of legislation.                                               
                                                                               
 REPRESENTATIVE PARNELL:  Brian, which ones were you gonna combine?            
                                                                               
 MR. ROGERS:  I was gonna -- what I had in mind was...                         
                                                                               
 MELISSA FOUSE:  Do you want to say, "Increase and index?"                     
                                                                               
 MR. ROGERS:  Combining the two fuel taxes, combining the tobacco              
 and alcohol taxes, combining the fishery and tourism taxes and                
 combining the user fee increases and motor vehicle license fees,              
 just to reduce the number of lines and allow this - allow us to               
 move this from about, 8 point up to 10 or 11.                                 
                                                                               
 MS. MCCONNELL:  And then our narrative would describe some of the             
 breakdowns.                                                                   
                                                                               
 MR. ROGERS:  I wasn't sure whether on expenditures if we want to              
 show any creative breakout or not.                                            
                                                                               
 MS. MCCONNELL:  We should take out the on-current programs I think            
 because...                                                                    
                                                                               
 MR. ROGERS:  Yes, that's right earlier...                                     
                                                                               
 MS. MCCONNELL:  Change the format.                                            
                                                                               
 MS. MCCONNELL:  I think I can do a vote then on the alcohol tax.              
                                                                               
 MS. NORDALE:  Brian.                                                          
                                                                               
 MR. ROGERS:  Just a sec, we've had -- there are four motions on the           
 table at the moment and I'd like to try to take them one at a time.           
                                                                               
 MS. NORDALE:  I didn't want to make a motion, I just wanted to ask            
 you, for clarification, under expenditure you've got PF dividends             
 $900 FY 97, $800 FY 98, $415 million thereafter.                              
                                                                               
 MR. ROGERS:  So the first two years it's the dividend amount and              
 the third year it's the...                                                    
                                                                               
 MS. NORDALE Ya, but I think we need to clarify that so that there             
 is -- that they match up with the number that (indisc.) in the                
 extended columns.                                                             
                                                                               
 CHAIRMAN ROGERS:  They do.                                                    
                                                                               
 MS. NORDALE:  Well $900 in FY 97, it's just a little unclear and              
 900 and 565 are not the same numbers.  So I think that...                     
                                                                               
 MR. ROGERS:  So if we were to say on the dividend cut $50 million             
 per year, three years.                                                        
                                                                               
 MS. NORDALE:  Can I ask you another question?                                 
                                                                               
 MR. ROGERS:  I want to come back to this issue on fishery and other           
 resource taxes.  Is it 20 or is it 30 to start with?                          
                                                                               
 MR. GORSUCH:  I thought there was an estimate of $33 million                  
 getting back to...                                                            
                                                                               
 MS. NORDALE:  I thought it was 30.                                            
                                                                               
 MR. MOTLEY:  We were talking around a 30 to 34.  Carry the book               
 around and that was the amount.  Did we change it?  Well fisheries            
 will be hard to do that way.  And I think it probably was 30 but it           
 was not a 20 in one place (indisc.) combination.                              
                                                                               
 REPRESENTATIVE LINCOLN:  And Mr. Chairman, I was looking back on my           
 notes that I had and it said fisheries 20, tourism 20, after we               
 discussed whether it should be 20, 30, 50, 20 or whatever, and then           
 add in timber mining, et cetera, here too.  So I think it was a               
 (indisc.).                                                                    
                                                                               
 MS. NORDALE:  That is such a high estimate for timber and mining.             
                                                                               
 MS. BRADY:  Ya, it is.                                                        
                                                                               
 MS. NORDALE:  It concerns me.                                                 
                                                                               
 MR. POURCHOT:  We get $400,000 now from mining.                               
                                                                               
 CHAIRMAN ROGERS:  Ninety-eight percent of whatever this number is             
 fishery.                                                                      
                                                                               
 SENATOR LINCOLN:  If you combine that, it would be 30.                        
                                                                               
 MS. BRADY:  For fisheries?                                                    
                                                                               
 SENATOR LINCOLN:  Ya, with fisheries and that's what we were                  
 talking about doing.                                                          
                                                                               
 MS. BRADY:  Ya.                                                               
                                                                               
 MR. ROGERS:  The motion has been made to make fishery and other               
 resource taxes 30 in FY 98.                                                   
                                                                               
 UNIDENTIFIED SPEAKER (Male):  And with the full understanding that            
 the vast be 98 percent of those fisheries.                                    
                                                                               
 MR. ROGERS:  Between 20 and 30, how many favor 30?  One, two,                 
 three, four, five, six, seven, eight.  And how many favor 20?  One,           
 two, three.  Thirty it is.                                                    
                                                                               
 MS. NORDALE:  Can I ask you a question down on - under the                    
 constitutional budget reserve on the fourth line down, it's drawn             
 for general fund spending, parenthesis, drawn from general fund               
 surplus.  Can you tell me what that line means?                               
                                                                               
 MR. ROGERS:  If it's a positive number, it's the amount that's                
 drawn out of the CBR for general fund spending.  If it's a negative           
 number, it's deposited from the surplus into the CBR.                         
                                                                               
 MS. MCCONNELL:  Why don't we say "deposit" instead of "drawn" in              
 parentheses.                                                                  
                                                                               
 MS. NORDALE:  Ya, right.                                                      
                                                                               
 MCCONNELL:  And maybe instead of CBR...                                       
                                                                               
 MR. ROGERS:  Let me do one at a time.  Deposited from GF surplus.             
 O.K., and then there is a suggestion that the GF spending take out            
 on current programs.                                                          
                                                                               
 MS. BRADY:  What are we doing with the surplus monies on the - from           
 the year end.                                                                 
                                                                               
 MR. ROGERS:  Under this spreadsheet, if there is a surplus year end           
 balance, it goes into the CBR, and in most of those cases it then             
 goes immediately out of the CBR into the permanent fund because               
 we...                                                                         
                                                                               
 MS. BRADY:  One thing that Steve Rieger said struck me (indisc.)              
 but we want this to pass and if there is no -- and we know there is           
 gonna be just an enormous amount of pressure on the spending side             
 and we continue to take everything off the table.  It seems to me             
 that maybe the extra stuff that we save through spending could go -           
 - I mean there has got to be some reward for doing good.                      
                                                                               
 MS. NORDALE:  I cannot believe we're gonna wind up with surplus.              
                                                                               
 MS. BRADY:  Well I can't either, I mean...                                    
                                                                               
 NOTE:  Indiscernible, everybody talking at once.                              
                                                                               
 MS. BRADY:  Oh alright, not to worry.                                         
                                                                               
 MR. POURCHOT:  These are not big numbers here.                                
                                                                               
 MS. NORDALE:  Ya, (indisc.)                                                   
                                                                               
 MR. ROGERS:  So we should show any surpluses instead of depositing            
 it in a CBR surpluses get spent for capital projects?                         
                                                                               
 MS. NORDALE:  No, why don't we just leave it as is.                           
                                                                               
 CHAIRMAN ROGERS:  That's the way deal with village safe water and             
 deferred maintenance.                                                         
                                                                               
 SENATOR LINCOLN:  But it won't get there.                                     
                                                                               
 ANNALEE MCCONNELL:  It seems to me that people are gonna recognize            
 that it's unlikely that this many years out we're gonna be to the             
 penny, and that in a way we almost make it seem more artificial if            
 we deposit it and make it a line of zeros whereas we show -- I                
 think we should be very clear that it's our expectation, our hope,            
 that any time we can build up a surplus we should be dropping it in           
 unless there has been clear policy choice to do otherwise.  But it            
 doesn't bother me to see surpluses in this amount on a budget of              
 $2.6 billion here.                                                            
                                                                               
 MR. ROGERS:  So probably if we have a positive number, if we're               
 positive, I shouldn't show it as being deposited into the CBR but             
 rather surplus.                                                               
                                                                               
 MS. NORDALE:  I would leave it as is.  You know if you turn over to           
 your real dollars scenario or spreadsheet, under the CBR where it             
 says, "CBR transferred to permanent fund principal, you've got some           
 weird numbers in there.  I don't know whether those are factors or            
 what.                                                                         
                                                                               
 CHAIRMAN ROGERS:  Where's that?                                               
                                                                               
 UNIDENTIFIED SPEAKER (Male):  This is decimal point here.  For some           
 reason Excel is adding decimal points in some places that it                  
 shouldn't on this spreadsheet, you know.  Take those out again, I             
 have to keep telling it I don't want decimal points and then it               
 takes them out.  Microsoft Excel.                                             
                                                                               
 MS. MCCONNELL:  Brian, as an alternative, what if we were right               
 under the gap box where it says, "Draw from deposit into CBR," if             
 we do leave the number there I would suggest we could put something           
 in like, "Draw from CBR," and then in that blank line underneath in           
 parentheses say, "Recommend depositing any surplus into CBR," or              
 something like that to indicate that that we haven't identified the           
 place to which it would go.  Would that be....                                
                                                                               
 MR. ROGERS:  So if we said draw from CBR as gap, paren recommend a            
 deposit to CBR as surplus.                                                    
                                                                               
 MS. MCCONNELL:  Although I have to say I don't feel strongly about            
 one way or the other about making them zeros and showing the                  
 deposit.  I don't feel it's a make or break.                                  
                                                                               
 MS. BRADY:  On the cumulative spending cut total - how we say that.           
 Everybody who looks at that, including all of us, maybe get                   
 confused about that.                                                          
                                                                               
 MR. ROGERS:  How do you want to do it?                                        
                                                                               
 MS. BRADY:  Well I think you might say, "Annual spending cuts," and           
 then put the total...                                                         
                                                                               
 MS. FOUSE:  On the line.                                                      
                                                                               
 MS. BRADY:  On the description line.                                          
                                                                               
 MS. MCCONNELL:  Make it 40, 30, 30.                                           
                                                                               
 MS. BRADY:  Ya, because we -- everybody gets confused about that.             
 Now what are we doing differently than the -- somebody explain to             
 me because I'm gonna get asked - we're all gonna get asked.  When             
 we say market, is that different than how we do now?  Somebody                
 explain to me how we're just getting this 4 percent thing.                    
                                                                               
 MS. NORDALE:  No, market.  This 4 percent of market - a rolling               
 five year average.                                                            
                                                                               
 MS. MCCONNELL:  There is no withdrawal now in that same sense.                
                                                                               
 MR. LUDWIG:  But they say everybody else that has these kind of               
 funds does that.                                                              
                                                                               
 MS. BRADY:  So is somebody is gonna write these little cheat notes            
 so when we talk about this?                                                   
                                                                               
 MS. NORDALE:  One of the things that bothers me is that it's hard             
 to, you know, if we're saying that the payout is at 4 percent and             
 we've got these market numbers down there that are not included,              
 shouldn't they be -- shouldn't we reverse the lines of the two                
 ending balances so that we've got the market ending balance - the             
 one that is larger-easier to see so that people will apply that 4             
 percent?  RollING.                                                            
                                                                               
 MS. MCCONNELL:  Maybe add in the word, "Ending book balance," to              
 clarify the...                                                                
                                                                               
 MS. NORDALE:  Right.                                                          
                                                                               
 UNIDENTIFIED SPEAKER (Male):  (Indisc.) puts that down.                       
                                                                               
 MS. NORDALE:  Because that's the way the accounting is done now.              
 The statute -- ya but for reference purposes, that's why I was                
 asking for the things to be reversed so that...                               
                                                                               
 MS. MCCONNELL:  But we never get into the principal.                          
 UNIDENTIFIED SPEAKER (Male):  Right.                                          
                                                                               
 MR. GORSUCH:  And Judy, one of the issues that is going to convert            
 you -- one of the reasons for converting the market is, you know              
 Byron was giving us a diplomatic heads up, but if we don't got to             
 the market system we could have a huge spike in dividends when they           
 realize the gains that has been accumulated over the years because            
 they haven't been taking market valuation into account.  So                   
 (indisc.) million dollar realization of "gains" and bang to                   
 (indisc.).  It's hard to (indisc.) huge amounts of money and this             
 moves that out by using the market basis once you bought your                 
 stocks for.  So it takes out the spikes and troughs of earnings as            
 result in using other way marketing (indisc.)                                 
                                                                               
 MR. LUDWIG:  We're gonna get away from the formula base, do it that           
 right.  We're gonna (indisc.).                                                
                                                                               
 UNIDENTIFIED SPEAKER (Male):  Which is another program over the               
 system.                                                                       
                                                                               
 MR. LUDWIG:  Ya, but that kinda takes away the argument (indisc.)             
 open market, right?                                                           
                                                                               
 MR. MOTLEY:  It takes the requirement of making transactions that             
 otherwise might not be necessary just to balance income or level              
 income.  It does change the investment scenario considerably.                 
                                                                               
 MS. MCCONNELL:  On this one, are we at 4 percent 98 straight                  
 through same rate every year?                                                 
                                                                               
 CHAIRMAN ROGERS:  From 98 on, we're at 4 percent forever.                     
                                                                               
 MR. O'CONNOR:  Four percent of what number?                                   
                                                                               
 MR. ROGERS:  Four percent of the five year rolling average of                 
 market value, and this spreadsheet doesn't show -- to do 98, you're           
 doing 97, 96 and then three other years that aren't printed here              
 but that are off budget.                                                      
                                                                               
 MS. MCCONNELL:  Don't use that word please.                                   
                                                                               
 MS. NORDALE:  Off screen.                                                     
                                                                               
 MR. ROGERS:  Off screen, that's good.                                         
                                                                               
 MS. BRADY:  O.K., now what does this -- how does this give us room            
 to move - how gives us room to move is that if you make more money,           
 buy more feels, this income line goes up.  I mean you got to have             
 some room to move.                                                            
                                                                               
 MS. NORDALE:  That's what the endowment does for you.  It doesn't             
 give you much (indisc.) room.                                                 
 MR. LUDWIG:  We also have the other half of the income tax.  We               
 only put in like half.                                                        
                                                                               
 MS. BRADY:  Ya, but that's $200 million.  I mean that's nothing               
 what...                                                                       
                                                                               
 MR. LUDWIG:  I'll take it.                                                    
                                                                               
 MS. BRADY:  Out here, what allows this available revenues from                
 existing funding general fund sources to move up because we've                
 gotta move up.                                                                
                                                                               
 UNIDENTIFIED SPEAKER (Male):  You dig (indisc.) down road                     
 (indisc.).                                                                    
                                                                               
 MS. BRADY:  So you get 50 percent of new money, remove this line              
 out, right?  Cause you're gonna get 50 percent of all...                      
                                                                               
 MS. MCCONNELL:  The formula now shows 50 percent of all oil and gas           
 revenues regardless of when it came into production.  Right?                  
                                                                               
 MR. LUDWIG:  Fifty percent of royalty.                                        
                                                                               
 UNIDENTIFIED SPEAKER (Female):  Of what, I'm sorry, ya.                       
                                                                               
 MR. MOTLEY:  The other part, the income tax, severance tax, you get           
 all that so you discover you will.                                            
                                                                               
 MS. BRADY:  Add to that line.  So that kinda move up in a normal              
 way.  I mean you gotta have some normal movement up.                          
                                                                               
 MR. MOTLEY:  Here's talking about 12 1/2 percent royalty if you're            
 changing.                                                                     
                                                                               
 MS. BRADY:  So it's the royalty that we're increasing.  We're                 
 increasing it to 50 percent that goes into the permanent fund.                
 We're increasing it from 25 to 50 percent.                                    
                                                                               
 MR. MOTLEY:  Ya, you're...                                                    
                                                                               
 MS. MCCONNELL:  And actually only making a change on the old stuff.           
 The new stuff is currently covered by statute at 50 percent.                  
 Prudhoe and what are the other biggies that are...                            
                                                                               
 MS. NORDALE:  Kaparuk.                                                        
                                                                               
 MR. MOTLEY:  Where right now you're putting 3 1/4 percent of gross            
 oil revenues in the permanent fund.  (Indisc.), you'll putting 6              
 1/4 percent of the gross oil revenues and the other 6 1/4 percent             
 royalty will stay in the general fund and the severance taxes and             
 all the income taxes, which is why I have a problem with this                 
 system, but that's my own private (indisc.).                                  
 MS. MCCONNELL:  Is the flat number of 20 for the export ban.  I               
 don't remember.  I know the 20, you know, but 20 -- we'd agreed on            
 the 20, you know, there have been variations of what the                      
 projections were and how much difference would it make.  But will             
 it be pretty much flat line?  Would that...                                   
                                                                               
 MR. MOTLEY:  Probably you've got -- would have increasing oil                 
 prices but decreasing the production.  Who knows how to calculate?            
                                                                               
 MR. LUDWIG:  If that jumps up like 3 percent, where would that                
 money go?  I mean if it's 50 instead of 20.  Does that go in the              
 general fund?                                                                 
                                                                               
 MR. MOTLEY:  If what is?                                                      
                                                                               
 MR. LUDWIG:  If we realized $50 million instead of $20 million.               
                                                                               
 MS. NORDALE:  If it's $50 million in royalties.                               
                                                                               
 MR. LUDWIG:  Where is the export ban at?                                      
                                                                               
 MS. BRADY:  It would go into the general fund and it should.  I               
 mean you've gotta have some...                                                
                                                                               
 MS. MCCONNELL:  You know what?  Wouldn't 10 of this 20 be going               
 into the permanent fund and...                                                
                                                                               
 MS. NORDALE:  This has already been factored, so I think this 20 is           
 just the money that would go into the general fund.  That's my                
 understanding from what Will Condon said.                                     
                                                                               
 MS. MCCONNELL:  But we get the $20 million figure as what we                  
 thought the total increase in revenues to the state would be.                 
                                                                               
 MS. NORDALE:  That it would be $20 million to the general fund as             
 I understood it.                                                              
                                                                               
 MS. MCCONNELL:  Right.                                                        
                                                                               
 MS. NORDALE:  Not $20 million total revenues.                                 
                                                                               
 MS. MCCONNELL:  But one thing is we've adjust -- we've now said               
 we're moving from 25 to 50 percent.  So if that portion is 20,                
 under our endowment scenario, would go into the permanent fund.  A            
 higher amount would go into the permanent fund.  So we should                 
 probably say something like 15 and 5.  Maybe that's just rounded.             
                                                                               
 MR. MOTLEY:  The paper said yesterday some huge number and I'm not            
 sure I understood it.                                                         
                                                                               
 MS. NORDALE:  Ya, way over a billion and I couldn't figure that               
 one.                                                                          
 MR. O'CONNOR:  Here it is, I left it here so (indisc.).                       
                                                                               
 MR. LUDWIG:  Is that money royalty money?  Is that tax money?                 
                                                                               
 MR. POURCHOT:  Everything has it's price.                                     
                                                                               
 NOTE:  Indiscernible, everybody talking at once.                              
                                                                               
 MS. NORDALE:  I don't know whether that would be totals increase in           
 value for the total amount (indisc.) company is as well as royalty            
 or what.                                                                      
                                                                               
 MR. MOTLEY:  That guess is so general, I don't know that you could            
 move it around very much and know where it goes.  Some will be                
 royalties, some will be income tax, some will be severance taxes,             
 all melted together so...                                                     
                                                                               
 MR. LUDWIG:  The large severance money, does that go straight to              
 the general fund, severance tax?                                              
                                                                               
 MS. NORDALE:  (Answered in the affirmative).                                  
                                                                               
 MS. BRADY:  Well listen, we need a better one of these.  Do we have           
 some more of these?                                                           
                                                                               
 MS. FOUSE:  The scenario?                                                     
                                                                               
 MS. BRADY:  Ya.  Probably gonna need several more.                            
                                                                               
 NOTE:  Indiscernible, everybody talking at once.                              
                                                                               
 MR. ROGERS:  Annalee.                                                         
                                                                               
 MS. MCCONNELL:  We still haven't solved alcohol tax.                          
                                                                               
 MR. ROGERS:  Can we call the group back to order and (indisc.) the            
 alcohol --  I'm trying to do the comparison so we can run Judy's --           
 and I've got a spreadsheet over here somewhere.  Mary, you've got             
 the floor                                                                     
                                                                               
 MS. NORDALE:  I was trying to explain to her what (indisc.).                  
                                                                               
 MR. ROGERS:  Annalee.                                                         
                                                                               
 MS. NORDALE:  Are you trying to prevent me from talking?                      
                                                                               
 MR. ROGERS:  From the table, during the meeting, yes.  Annalee.               
                                                                               
 MS. MCCONNELL:  Alcohol tax.                                                  
                                                                               
 MR. ROGERS:  Alcohol tax - regarding the alcohol tax go ahead.                
                                                                               
 MS. MCCONNELL:  I would like to propose that we do something, a               
 similar method to what we did with tobacco tax which is that every            
 three years we - every third year we jack it up rather than just              
 indexing straight on through.  We make a more dramatic -- pardon?             
                                                                               
 MR. LUDWIG:  Five million every third year - 25 percent (indisc.)             
 tobacco.                                                                      
                                                                               
 MS. NORDALE:  You mean jump it from 10 cents a drink to 20 cents a            
 drink or something like that.                                                 
                                                                               
 MR. LUDWIG:  Over 12 years.                                                   
                                                                               
 UNIDENTIFIED SPEAKER (Female):  Fifteen cents.                                
                                                                               
 MS. MCCONNELL:  Ya, I mean I would have to work out the specifics             
 but I would like to see us make a healthier increase rather than              
 letting people adjust slowly to slight increases.  I'd rather see             
 a more dramatic (indisc.)                                                     
                                                                               
 MS. BRADY:  You know, why don't we just do it all at once?                    
                                                                               
 UNIDENTIFIED SPEAKER (Male):  20, 40.                                         
                                                                               
 MS. MCCONNELL:  60, 80.                                                       
                                                                               
 MS. BRADY:  Why don't we just do it all at once?  Thinking there is           
 -- because having been involved in some political things, we did              
 indexing.  All you do is you get lobbied to death when it's gonna             
 get ready to go up again.                                                     
                                                                               
 MS. MCCONNELL:  I would propose -- actually this is a clarification           
 we should probably do.  I thought on the tobacco taxes, we would              
 actually try to fight the whole thing out at once now and say the             
 bill would include an increase in year one and year three, or                 
 whatever we decide, so that you're only doing battle once.  I agree           
 with you we should not try to (indisc.).                                      
                                                                               
 MS. BRADY:  But they'll come in every time and try to change the              
 bill, because the whole thing, it's like doing a sales tax,                   
 everybody comes in.  Every Assembly tries to get their thing                  
 (indisc.).                                                                    
                                                                               
 MR. MOTLEY:  That's their constitutional right.                               
                                                                               
 MS. BRADY:  Ya, but not if we did it right away.  I think an                  
 alcohol and cigarette plan, we could sock it to em and get on with            
 life.                                                                         
                                                                               
 MR. O'CONNOR:  How come it hasn't worked for six or eight years?              
 Kay Brown has been trying supposedly since 89.  Isn't that what you           
 said?                                                                         
 SENATOR LINCOLN:  Because there is some reality check here.                   
                                                                               
 MR. O'CONNOR:  That's why I'm saying is I'm giving a reality check            
 too.                                                                          
                                                                               
 UNIDENTIFIED SPEAKER (Female):  That's even when she was in the               
 majority.                                                                     
                                                                               
 MS. BRADY:  But the other thing is, see this is a package again and           
 part of the package is guys, our corrections thing is out of sight            
 and 80 percent of that is alcohol related and we're gonna do a                
 bunch of things.  This is one of them is - is to try to beat this.            
                                                                               
 SENATOR LINCOLN:  That's not going to be the answer, just putting             
 taxes in.  I mean we don't -- we're cutting all the programs that's           
 preventative measures and in corrections and social services and              
 all of that, just by adding taxes isn't going to cure the problem.            
                                                                               
 MS. BRADY:  And the programs are double counting everyone anyway.             
 I mean somebody needs to go in and wipe that whole thing out and              
 start all over again.  My little addition to social justice.                  
                                                                               
 MS. MCCONNELL:  I guess to put something on the floor I would                 
 propose $20 million in 98, $30 million in 00, $35 million in 02.              
                                                                               
 MS. NORDALE:  Is that your alcohol tax?                                       
                                                                               
 MS. MCCONNELL:  Ya.                                                           
                                                                               
 MS. NORDALE:  God, she's such a  reporter.  We're gonna start                 
 calling you Carry Nation.                                                     
                                                                               
 MR. POURCHOT:  So on a $8 drink at the Cook, how much would that              
 add?                                                                          
                                                                               
 UNIDENTIFIED SPEAKER (Male):  Almost nothing.                                 
                                                                               
 MR. LUDWIG:  We might have only had one (indisc.)                             
                                                                               
 UNIDENTIFIED SPEAKER (Male):  Ya, it was $8.10 (indisc.).                     
                                                                               
 MS. BRADY:  It was, it was.                                                   
                                                                               
 MR. LUDWIG:  That was for the total dinner too?                               
                                                                               
 MS. BRADY:  Ya, that included the tip.                                        
                                                                               
 MS. FOUSE:  Well the liquor and the dinner were separate so the               
 tips were separate.                                                           
                                                                               
 NOTE:  Indiscernible, everybody talking at once.                              
                                                                               
 MR. ROGERS:  Is there further discussion on the proposal, how much            
 it would cost us.                                                             
                                                                               
 MR. LUDWIG:  Was one of those drinks not very (indisc.)?                      
                                                                               
 MR. POURCHOT:  You know, we'd better go around the room and see               
 what everybody had because I had a $8 beer.                                   
                                                                               
 MR. ROGERS:  I haven't heard - I don't hear anybody seeking the               
 floor on the issues of -- Mike                                                
                                                                               
 MIKE O'CONNOR:  I have another proposal.  I think we ought to do              
 what we're doing.  Just make it to....                                        
                                                                               
 TAPE 1, SIDE B                                                                
                                                                               
 MR. O'CONNOR:  ...even though we don't want to talk about an                  
 average spending.  We don't want to talk about average taxing so.             
                                                                               
 MS. MCCONNELL:  I would agree with that.                                      
                                                                               
 MR. ROGERS:  Georgianna.                                                      
                                                                               
 SENATOR LINCOLN:  You know, I don't care - I don't care if alcohol            
 was raised from 20 to 100, but lets have a reality check here.  I'm           
 afraid, you know, we're right down to the wire and now all of                 
 sudden we put a lot of discussion into figures that were here on              
 the paper and now all of sudden we're saying, "Oh my God, we gotta            
 find $50 million or $49 million, lets tweak this and lets tweak               
 that and I just would caution everybody to rethink that.                      
                                                                               
 MR. ROGERS:  Hugh, then Bruce.                                                
                                                                               
 MR. MOTLEY:  Georgianna, I don't think that.  If for instance the             
 years where we say there is a deposit, what we're talking about was           
 something more.  I haven't changed my position, I still think it              
 ought to be (indisc.).  And I like what you said, going from 20 to            
 30, but instead of 35 I'd go from 20 to 30 to 40 to 50 in three               
 year jumps.  I understand it may not work but I also understand               
 even when you got to 50, you wouldn't be covering half the cost of            
 what alcohol does to the system.                                              
                                                                               
 MR. ROGERS:  Bruce and then Mary.                                             
                                                                               
 MR. LUDWIG:  I've been under the impression the whole time that we            
 were going to step it up like cigarettes.  I mean I thought we had            
 that discussion and this never did get put on the spreadsheet or              
 something.  We spend hundreds and hundreds and hundreds of million            
 dollars and if we can detour just a little bit of that expense                
 through a tax, it just seems like a good investment.                          
                                                                               
 MR. ROGERS:  Mary.                                                            
 MS. NORDALE:  I have real problems building a budget or a scenario            
 based on reform or zeal.  I'm not sure that we're going to be able            
 to get that kind of revenue and if we build a scenario counting on            
 substantial blocks of money from these taxes, which will bitterly             
 fought in the legislature.  We may find ourselves having, you know,           
 just built a budget out of froth.  And so while I don't have any              
 problem with raising the taxes, I do have a problem with building             
 a scenario based on those raises.  You know I just think there is             
 a real difference between arguing that it's time to put the clamps            
 on alcohol and alcohol abuse and a spending plan for the state that           
 contemplates that legislature is really gonna buy in to that.  I              
 don't think they will.                                                        
                                                                               
 MR. ROGERS:  Judy and then Hugh.                                              
                                                                               
 MS. BRADY:  Well we don't know if they're buy in the whole thing.             
 I mean each one of these is gonna have to be argued as part of the            
 package.  And we did talk about this early on and we did agree to             
 index it and we looked at all the figures.  We probably had more              
 people and more information on alcohol tax and what you're gonna              
 get and what's fair and what other states do and what happens when            
 you do it then we've had on anything else.  And so I think we                 
 should just vote on it.  I would like to a -- I move Annalee's                
 figures.                                                                      
                                                                               
 MR. ROGERS:  O.K., Annalee your figures were again?                           
                                                                               
 MS. MCCONNELL:  Twenty million in 98, 30 in 00 (indisc.), and 35 in           
 02.                                                                           
                                                                               
 MR. ROGERS:  You know, two years in a row.  98...                             
                                                                               
 MS. MCCONNELL:  Ninety-eight, then 00, so it stays 20 20, then 30             
 30, then 35 35.                                                               
                                                                               
 SENATOR LINCOLN:  Mr. Chairman, before we vote on that I thought we           
 were going to step that up and -- or somebody said since tobacco              
 starts in at 97 - what was the rationale for having it 98 instead             
 of 97.                                                                        
                                                                               
 MR. ROGERS:  I think Pat raised the idea of one sin tax a year is             
 enough to expect out of the legislature.                                      
                                                                               
 SENATOR LINCOLN:  Mr. Chairman, if that's true then I guess I would           
 say then put the 20 in 97 and the 5 in 98 if you're going to have             
 one sin tax.  If what is being said around this table is that a lot           
 discussion went in to the expenditure side and the GF going to                
 alcohol related problems in the state, then lets move that one.               
                                                                               
 MR. ROGERS:  The tobacco is 43.                                               
                                                                               
 MS. BRADY:  I think we can do two -- I guess I -- the other thing             
 I think is if we're gonna do a package, lets do a package and lets            
 start it out.  Lets just go with all the -- just start it out and             
 go.                                                                           
                                                                               
 MR. ROGERS:  I disagree.  I think we should balance the taxes                 
 between the two years and not try to do them all at once.  I think            
 that there ought to be some parallelism between the general fund              
 spending cuts, which don't all hit the first year.  Some of them              
 hit the second and third.  I think some of the taxes should hit the           
 second and third for the same reason.  We ought to just try to                
 weigh which ones to do.  You know this one shows, and I think it              
 was passed conceptually, we have the highway - the motor fuel tax             
 one year and the license plates the other year.  We have the two              
 sin taxes split between years and the tourism and the fishery taxes           
 we hold off a year so that there is time to develop em, and I'd               
 rather not have em hit all the first year because a lot of this               
 package doesn't hit until the second or third year.                           
                                                                               
 SENATOR LINCOLN:  Mr. Chairman, I guess I'm going to continue to              
 argue for putting then the alcohol and cigarette together that --             
 when it's discussed I think it's that one more than any others that           
 are discussed as a package.  And I think it just makes sense to try           
 and get an alcohol cigarette tax, or tobacco tax, together as "the            
 sin tax."  I think everybody talks about it as that.  Those are the           
 two.                                                                          
                                                                               
 MR. ROGERS:  Should we move the consumption tax, the highway motor            
 fuel, back a year so that it's not too front loaded.                          
                                                                               
 MR. LUDWIG:  I think we ought to move the income tax up so we can             
 capture all the lobbyists income from these two, the alcohol and              
 cigarette.                                                                    
                                                                               
 MS. NORDALE:  I think we ought to stay on schedule on the highway             
 fuel tax.                                                                     
                                                                               
 MR. O'CONNOR:  So do I.                                                       
                                                                               
 MR. ROGERS:  Pat.                                                             
                                                                               
 MR. POURCHOT:  Actually I was gonna do somewhat of a point just to            
 remind -- put it in context, the alcohol tax.  We get about $12               
 million now I think and we rank, depending on whether beer, wine,             
 or spirits, we are in the middle range now on alcohol tax at $12              
 million.  So -- I mean that's just the context of the work that --            
 this is a substantial tax.                                                    
                                                                               
 MR. LUDWIG:  Where are we on cigarettes now?                                  
                                                                               
 MS. NORDALE:  (Indisc.).                                                      
                                                                               
 MR. LUDWIG:  (Indisc.) we be number one in the nation with the                
 dollar pass.  I mean I don't know why that argument doesn't hold              
 for alcohol or tobacco (indisc.).                                             
                                                                               
 MR. ROGERS:  Hugh, you've been seeking the floor.                             
                                                                               
 HUGH MOTLEY:  I just wanted to say that I have never before in my             
 life been characterized as a reformer.  I am talking about user               
 fees.  It's different.                                                        
                                                                               
 MS. BRADY:  Just for the record.                                              
                                                                               
 MR. ROGERS:  I think the proposal before us is to step up the                 
 alcohol taxes every two years going from 20 to 30 to 35, and then             
 indexing thereafter a million.  We'll have a separate vote on                 
 Georgianna's proposal to advance it a year.  Are you ready to vote            
 on Annalee's 20, 30, 35?  All those in favor please raise your                
 hand.  Three, four, five, six opposed.  One, two, three, four,                
 five, six, seven.  Motion fails.  Georgianna wants to (indisc.)...            
                                                                               
 SENATOR LINCOLN:  What was it eight?                                          
                                                                               
 MR. ROGERS:  Seven to six.                                                    
                                                                               
 MS. MCCONNELL:  Does 20, 25, 30 help people or does that bring us             
 more support?  Is it too big a jump in one year is that part of it?           
 Could we try a vote at 20, 25 to 30 then?                                     
                                                                               
 MR. ROGERS:  I think Georgianna's vote comes next and that would be           
 to move the whole schedule up one year to put the alcohol tax in              
 97.  Discussion on moving alcohol tax to 97?  Sean.                           
                                                                               
 SEAN PARNELL:  I was just gonna suggest that we move all the taxes,           
 the three taxes we had scheduled for 97.  I would say we push those           
 to 98 and demonstrate we can get the cuts that are planned here at            
 $40 million before we -- I think we're kidding ourselves if we                
 think the legislature is gonna pass three taxes and increase user             
 fees next session without any real - without demonstrating the are            
 (indisc.) under the plan.  So I would argue to push the taxes one             
 year the other way.                                                           
                                                                               
 MR. ROGERS:  That could be a motion after -- you're third in line             
 now.  Georgianna's motion is to move it up a year on the alcohol.             
 Question?                                                                     
                                                                               
 MR. O'CONNOR:  And package them together?                                     
                                                                               
 SENATOR LINCOLN:  Ya.                                                         
                                                                               
 UNIDENTIFIED SPEAKER (Male):  Is that the same or is that a                   
 different question?                                                           
                                                                               
 MR. ROGERS:  I think each tax sort of stands on its own.  There are           
 taxes.  Judy.                                                                 
                                                                               
 MS. BRADY:  What I'd like to point out is that it would be -- one             
 of the reasons that alcohol and cigarette taxes fail is because a             
 lot of times, you know, those are people who are very active in               
 campaign contributions and that kind of thing which is perfectly              
 alright (indisc.).  There are, though, in the state a whole lot of            
 people who are - who are extraordinarily - becoming extraordinarily           
 concerned about alcohol and cigarettes and so it would be good to             
 have this on the ballot.  It would be good to have this in front of           
 a legislator who is getting ready to run cause then people pay                
 attention to the -- that there is a whole lot of people who are               
 gonna pay real close attention to votes on this.                              
                                                                               
 MR. ROGERS:  Are you ready to vote?  The motion is to advance the             
 year on the alcohol tax from 98 to 97.  All those in favor of                 
 advancing from 98 to 97, please raise you hand.  One, two, three,             
 four, five, six, seven.  Opposed?  One, two, three, four, five,               
 six.  Motion is adopted.  Next is Annalee's motion to advance the             
 schedule that's gonna be to step up the alcohol tax.  Do you want             
 to try another restatement of that?                                           
                                                                               
 MS. MCCONNELL:  So it would be 97, 98 at 20; 99 and 00 at 25; 01              
 and 02 at 30; and then index after that.                                      
                                                                               
 MR. ROGERS:  Discussion?                                                      
                                                                               
 MS. MCCONNELL:  Oh and a big feature that in my mind is dealing               
 with the disparity between the hard liquor and the beer and wine -            
 some stuff we've heard that consumption on beer and wine is -- or             
 the taxes are out of whack with the problems in that area, but I              
 don't want to propose specifics at this point.                                
                                                                               
 MR. MOTLEY:  I'm not sure as we're fighting for that (indisc.) of             
 the year.  Probably urge (indisc.).                                           
                                                                               
 MS. MCCONNELL:  I could live with -- that would be fine with me.              
                                                                               
 MR. ROGERS:  Is that a friendly amendment?                                    
                                                                               
 MS. MCCONNELL:  Friendly amendment - I would still make the bill --           
 the bill of the first thing would say the rate is this in this year           
 and at the same time it says it goes up to such and such the next             
 year and up to such -- or I mean in the third year, and up to such            
 and such.  So we only have one bill that accomplishes all three.              
 Obviously, the legislature could always change it later on but we'd           
 put that in the initial package and every third year, except                  
 (indisc.).                                                                    
                                                                               
 MR. ROGERS:  So the motion would be that 20 plus population, and              
 actually the number will be 20, 21, 21, and then 26, 27, 27, and              
 then 32, 33, 33.  And do you keep stepping after that in the                  
 proposal or...                                                                
                                                                               
 MS. MCCONNELL:  I'd probably go three steps and then just index for           
 91 on.                                                                        
                                                                               
 MR. ROGERS:  Discussion on the motion?  Ready to vote?                        
                                                                               
 MS. NORDALE:  You know, I think you're gonna see that your numbers            
 aren't gonna hold through in reality, and so I'm hoping that we've            
 got some kind of a fallback position built into this scenario                 
 because I think that one, your gonna find it difficult to increase            
 the taxes to that level and secondly, you're gonna find revenues              
 dropping.                                                                     
                                                                               
 MR. ROGERS:  I think we need to remember on all of these we have a            
 fallback plan which is in the winter 98 and 99, a new group looks             
 at the situation and decides which fork to take in the road.  And             
 again, I think we have close to super majority if not super                   
 majority for that three year plan and if we have support on the               
 five and ten, it a bare majority.  That fork is a major part I                
 think of report that describes the dynamics of what's going on and            
 that is that three year reset point.  Are you ready to vote on                
 Annalee's motion?  All those in favor of the motion please raise              
 your hands.  One, two, three, four, five, six, seven, eight, nine.            
 Opposed?  Motion passes.  Sean, you wanted to move - you had a                
 motion to move one back a year.                                               
                                                                               
 REPRESENTATIVE PARNELL:  I'd move the highway motor fuel tax, the             
 marine motor fuel tax, the tobacco tax and now the alcohol tax.               
 Instead of implementing them next year, next legislative session,             
 I would move it to 98 - FY 98.                                                
                                                                               
 MR. ROGERS:  Would you consider dividing the question?                        
                                                                               
 REPRESENTATIVE PARNELL:  You mean between the taxes?                          
                                                                               
 MR. ROGERS:  Ya.                                                              
                                                                               
 REPRESENTATIVE PARNELL:  It defeats the principle of what I'm                 
 getting at but I'd have to...                                                 
                                                                               
 MR. ROGERS:  Alright, lets do it where you have it and then if you            
 want to make a subsequent motion, you can.  So the motion is to               
 move highway, marine, tobacco, user fee and alcohol taxes back to             
 98.                                                                           
                                                                               
 MR. LUDWIG:  I'm wondering the impact to -- you'd have a better               
 sense of it than I would.  That would be just before an election              
 night.  You'd have to pass...                                                 
                                                                               
 UNIDENTIFIED SPEAKER (Male):  Next session is a campaign year.                
 Correct?                                                                      
 MR. ROGERS:  If it's FY 9 -- it'd put it in the year after the                
 election.  Pat.                                                               
                                                                               
 MR. POURCHOT:  I mean I appreciate Sean's concerns about the                  
 politics of it.  I think it is absolutely a legitimate point,                 
 however, I -- you could take all that off and maybe look and see we           
 go with the 40, 30, 30, which we're still gonna discuss.  What the            
 big question then in the public's mind is, "What have we done year            
 one?"  What have we done towards the gap?  That number goes up just           
 a little under $500 million for year one.  I don't think we'd have            
 done our job if we only reduce in year one, the gap a very marginal           
 amount.                                                                       
                                                                               
 MR. ROGERS:  Hugh.                                                            
                                                                               
 MR. MOTLEY:  Cut em all out it's $150 million less that will go               
 into the permanent fund and $150 million bigger deficit here and              
 it's what we came to deal with, and to skip a year bothers me.                
                                                                               
 MR. ROGERS:  Annalee                                                          
                                                                               
 MS. MCCONNELL:  I'm also encouraged by - at least hopeful - by the            
 statistics that we heard over the tobacco tax in particular, that             
 that has tremendous popular support.  I don't think it needs to be            
 used completely as a negative in an election year.                            
                                                                               
 MR. ROGERS:  Are you ready to vote?  All those in favor of moving             
 those five lines back to 97 and 98 please raise you hands.  One.              
 Those opposed.  The motion fails.                                             
                                                                               
 REPRESENTATIVE PARNELL:  O.K., I would divide the question and I              
 would vote -- I would move that we push the highway motor fuel tax,           
 the marine motor fuel tax, to 98, doing alcohol tobacco tax next              
 year.                                                                         
                                                                               
 MR. ROGERS:  Everybody clear on the motion?  Pat.                             
                                                                               
 MR. POURCHOT:  I would just comment in the case of the marine fuel            
 tax, I say this with some embarrassment, it passed last year, so I            
 don't know what downside this is to the legislature but the                   
 legislature already voted on that.                                            
                                                                               
 REPRESENTATIVE PARNELL:  O.K., you're planning on the increase                
 bill, (Indisc.) withdraw the motion and not take up the                       
 commission's time.                                                            
                                                                               
 MR. ROGERS:  Judy.                                                            
                                                                               
 MS. MCCONNELL:  Did he just pull his motion?                                  
                                                                               
 MR. ROGERS:  Ya.  Do you want replace it so you can discuss it.               
                                                                               
 REPRESENTATIVE PARNELL:  No.                                                  
                                                                               
 MR. ROGERS:  I wonder if it might make some sense to move the                 
 highway motor fuel tax back a year, partly for the reason Sean has            
 indicated.  You know, we have some spending cuts in the first year.           
 The other two taxes I think are popular taxes, and the marine did             
 pass last session, and moving the highway back a year I think gives           
 the public a chance to see that the spending cuts in fact do keep             
 up with it and I think I'd be supportive of such a motion, although           
 I expect that when push comes to shove, the public will support a             
 highway motor fuel tax as well.  Pat and then Annalee.  Mike and              
 then Georgianna.                                                              
                                                                               
 MR. POURCHOT:  I was going to raise this actually as a technical              
 point.  I had forgotten about this.  I mean many people have                  
 discussed whether or not a non dedicated fuel tax is possible                 
 politically or with the public, and whether or not it would require           
 a dedication.  Lets just assume the dedication scenario.  That                
 would require a ballot measure this election coming November,                 
 presumably if the legislature agrees with that approach.  You                 
 wouldn't have the tax take effect until after, when and if, a                 
 dedicated constitutional ballot measure passed in the fall.  So if            
 that balancing has to be a commission recommendation, but if that             
 were the case, you might not even have this $40 million come in 97.           
 It may be just a half a year in 97.                                           
                                                                               
 UNIDENTIFIED SPEAKER (Male):  If it were dedicated, it'd never come           
 in because it would be dedicated and wouldn't be gap filling.                 
                                                                               
 MR. GORSUCH:  You could be gap filling by requiring all the O and             
 M come out of that dedicated fuel which could total $20 million.              
                                                                               
 MR. POURCHOT:  Yup, it could easily be debt fulling - I mean                  
 deficit filling.                                                              
                                                                               
 MR. ROGERS:  Annalee, Mike, Georgianna, Lee.                                  
                                                                               
 MS. MCCONNELL:  I do feel that having $100 million in new taxes               
 while we're doing $40 million cuts in the first year is going to              
 appear to be a real imbalance to the public.  I think - and I want            
 the tobacco tax in the first year.  So if the alcohol tax is gonna            
 be in the first year, that does sort of put it on to motor fuels.             
 The other thing that could be considered an advantage of that is              
 that we could maybe say that that period of time then gets used to            
 really work out the whole system of the local/state split of                  
 responsibilities during that period of time, and I think we're                
 closer to having that.  It's a little easier to deal with on the              
 harbor side, so the marine motor fuel can fit in more quickly.  But           
 I think there would be good justification to say that we need a               
 little more time for the plan to pull together.  And because                  
 alcohol and tobacco have such high costs associated with it in                
 terms of the budget, in a way there are also spending cut type and            
 that's part of our rationale that they deal with - government -               
 trying to help control government expenditures for those abuses.              
 So I would fell comfortable moving the motor fuel tax to 98.                  
                                                                               
 MR. ROGERS:  I'm not sure whose motion it is.  Sean?                          
                                                                               
 MS. MCCONNELL:  We're gonna link our motions here.                            
                                                                               
 MR. ROGERS:  We have a motion to move highway motor fuel tax back             
 from 97 to 98.  Is there further discussion?  Mike, Georgianna,               
 Annalee.                                                                      
                                                                               
 MR. O'CONNOR (?):  Well, when are we make it dedicated fund.  I               
 don't really think we really decided, but we did say that we are              
 gonna use that to help push the tax and if DOT, I spent some time             
 with em, it's about the only budget that's been flat for ten years            
 and...                                                                        
                                                                               
 UNIDENTIFIED SPEAKER (Male):  That and the university.                        
                                                                               
 MR. O'CONNOR:  You know we're paying 8 cents.  Nobody is paying               
 diddely for the use of roads in this state, including the                     
 maintenance or snow removal or anything else.  And they're also               
 taking care of all the buildings that you guys are talking about              
 deferred maintenance.  They've got over 250 buildings that they               
 maintain with DOT.  I think we need the money and we need it now.             
                                                                               
 MR. ROGERS:  Georgianna.                                                      
                                                                               
 SENATOR LINCOLN:  Well I was just adding here.  If we move the                
 motor fuel tax over 98, then we're looking at $118 million in new             
 taxes in 98.  If we leave it as is, it's 110 in 97.  I guess I'm              
 concerned.  I hear what Sean is saying but I'm concerned that if we           
 say we're gonna have have taxes next year of $110 million and then            
 the year after that $118 million, it just sounds like more than if            
 you say we're gonna have $110 versus $60 million the following                
 year.  I think it's gonna be a harder sell to split it out like               
 that rather than to getting it...                                             
                                                                               
 REPRESENTATIVE PARNELL:  Georgianna, do you think it's easier to              
 say we're gonna cut $40 million now plus we're gonna increase your            
 taxes by $100 million the same year?                                          
                                                                               
 SENATOR LINCOLN:  Well that the sell isn't going to be any easier             
 the following year is what I'm saying because you're still coming             
 in with $118 million.  So it's not going to be an easier sell the             
 following year.  So I guess that I'd be willing to put it on this             
 year.  I don't -- a reality check again as you and I think that it            
 probably be shoved out anyway, but I think that we should give it             
 a shot for 97.                                                                
                                                                               
 MR. ROGERS:  Lee.                                                             
 LEE GORSUCH:  Brian, we can't fall into the same trap the public              
 falls into, and that is inflation is a real cut.  It's a 3 1/2                
 projected budget cut for this next year.  That's 80 million is                
 gonna come out.  The cost of fuel goes up, the cost of power goes             
 up, the cost of paper goes up, contract agreements go up.  Those              
 are all in place.  Those are real cuts.  We're cutting $120 million           
 from the state budget next year if we stay to the 40, 30, 30 plan.            
 And to sort of collapse to say the public doesn't understand                  
 inflation, well I'm sorry, it is a real cut.  And if we keep                  
 playing around with this idea that only the nominal cuts count,               
 this is a never-ending kind of exercise.  We're cutting $120                  
 million of purchasing power from the the state government in FY -             
 we're proposing to in FY 97.  That is huge.  I don't know if                  
 they're gonna be able to make it or not, but not to take into                 
 account the significant pain and agony that is come with telling              
 everybody to beat that inflation cost, which is equal to $80                  
 million for you to assume a 3 1/2 percent inflation, is silly.  Now           
 the taxes that we have currently are roughly in that vicinity of              
 $100 million.  There are taxes that we think should happen.  I                
 personally think we should have a quasi dedication of that tax, not           
 in the constitution but at least in statute that says, "We expect             
 you're gonna use this to get these roads in shape."  And,                     
 therefore, even though it doesn't close the gap by, you know, the             
 equivalent amount of money, it does make a significant contribution           
 towards it.  And -- so none of these are popular, but this idea of            
 sort of sharing the burden and responsibility - trust me, every               
 agency's costs are going up.  They're not going down.  This is a              
 real cut, not just a nominal cut.  So I would urge the defeat of              
 moving that back a year.                                                      
                                                                               
 MR. ROGERS:  Are we ready to vote?  All those in favor of moving it           
 back a year signify by raising your hand.  Three.  Opposed?  Motion           
 fails.                                                                        
                                                                               
 MS. MCCONNELL:  Can I make a suggestion for the format?  I think              
 Lee has made a good point and maybe we could put, under that note             
 which is now gonna say just spending cuts and have 40, 30, 30,                
 maybe right below that then we have a line that says, "Cut into               
 today's dollars," or "Cuts in today's dollar," or something like              
 that so that we have shown on here that point.                                
                                                                               
 MR. ROGERS:  I'm not sure that this spread sheet is actually gonna            
 be, in its current form, is gonna be part of the plan when we look            
 at particularly the three year and the five year.  So I'm not sure            
 we need to get into individual formatting.  If you think about                
 Ross' presentation, which is gonna be the main thing, we can't fit            
 all these numbers onto the screen.  So it'll be done more                     
 graphically.  We had a motion by Judy early on that it's a bigger             
 than these little tinkerings we're doing and that gets into the 25            
 percent versus 50 percent deposit into the permanent fund.  Run the           
 numbers, assuming they're right, using the 4 percent payout rule              
 and using the decision we made yesterday that an income tax would             
 be voted on two years before the budget is projected to go negative           
 again.  In 99 we have a surplus under the 25 percent plan of $200             
 million in debt to the $50 million onto the 50 percent plan.  FY 05           
 a small surplus and a moderate surplus in those plans.  The income            
 tax under the budget going negative would dip in 2001, for 2006 per           
 fund balance again 2010 would be $43 million versus $40 1/2                   
 million...                                                                    
                                                                               
 UNIDENTIFIED SPEAKER (Male):  Billion.                                        
                                                                               
 MR. ROGERS:  So the annual payout rate would be a billion 488, a              
 billion 409 is the difference on the 4 percent.  I just ran a third           
 one which I haven't put up here which would be somewhere in the               
 middle using a 25 percent dedication but dropping the payout rate             
 to a 3.5 percent and I can add that if people want to see the                 
 numbers on that.  Judy.                                                       
                                                                               
 MS. BRADY:  We're already bulking the permanent fund, we're doing             
 that, and we're cutting the budget back and we're doing an                    
 endowment which is - the central thing here is the endowment which            
 takes -- and putting the earnings reserve which takes -- which                
 doesn't give you any leeway except what new money you know that you           
 earned.  It defines - it defines the reoccurring revenue stream in            
 a way that hasn't been done before.  We also have talked a lot                
 about the pressure that there is gonna be on spending and the                 
 pressure there is gonna be on reform.  If it's clear - I mean it's            
 gonna be clear when we talk about this plan with the governor and             
 the legislature and the public where we're taking money off the               
 table - take public money off the table for the future.  We're                
 saying we're gonna bulk up the fund for the future and that you               
 cannot spend it now.  That works as long as you don't get too                 
 greedy for the fund for the future.  You can get too greedy for the           
 future too.  And so I just think that if we - there is a point past           
 which will be too much and I would argue that we stay - stay to the           
 25 percent and we close the gap.  I think it's important that we              
 close the gap forward, but we also give some time for people to see           
 before we do the income tax, which is the deal breaker with money             
 on the table for just a whole big part of the population, that we             
 do -- we see if the legislature can hold the line.  We see where              
 (indisc.) really to do some reforms and then I think people will              
 not have have -- I think they'll go for an income tax.  I think               
 they're willing to pay as long as they see that money is being                
 spent well.  But if you're taking money, public money, off the                
 table at every turn, it doesn't give us any -- we've got to have a            
 little room to move here.                                                     
                                                                               
 MR. ROGERS:  Hugh                                                             
                                                                               
 MR. MOTLEY:  I go the opposite direction.  I already have problems            
 with the plan because there is too much room to move and I will               
 remind you that other $88 million won't even come close to touching           
 the $400 million drop in revenues as forecasted and (indisc.)                 
 forecasting.  But there is a big number out there in 2011 and we're           
 not spending at a level that we can sustain and if you think taxes            
 are gonna be hard with the deficit showing, they're gonna be                  
 impossible if you're gonna show surpluses but you're gonna turn up            
 the surpluses so I speak against it.                                          
                                                                               
 MR. ROGERS:  Lee                                                              
                                                                               
 MR. GORSUCH:  Well the other issue that has been attractive with              
 support around the Roger's plan was even more ambitious in terms of           
 taking everything off the table in terms of 100 percent and then              
 withdrawing down, try to maintain some kind of level.  What I think           
 in part we're trying to do is also try to correct what we thought             
 was shortsightedness in the initiation of the permanent fund that             
 we would have been better off in the earlier years if we'd gone to            
 a 50 percent contribution rate.  So part of this is to, as was                
 suggested, to try to create some kind of offset to that declining             
 oil production in future years but is also a constrain on state               
 spending.  That is that 50 percent of - 75 percent of the royalty             
 that comes in now goes right into the general fund budget.  It gets           
 spent.  So part of the idea of taking the 50 percent out was to put           
 that in.  Now that puts a lot more constrain on state spending                
 because state spending is now has to be raised through taxes not              
 through using "general fund money" that just comes in from oil.  So           
 it - it not only sort of saves more money for the future, which I             
 think is very important, but it also puts more discipline that if             
 you want to spend the additional money you gotta raise it through             
 taxes and I think that's an appropriate balance for us to be in.              
 If we don't put the additional money away, I think it'll be spent.            
 And now that we're looking at the prospects of ANWR as a - at least           
 a possibility, that means that 50 - that 75 percent goes into the             
 treasury again and we're back to the same habit of fooling                    
 ourselves that we can spend 75 percent, save 25 percent and balance           
 this thing out in the future.  It isn't gonna work.  So I think               
 that the strategy we have is a good one, I think we should stay               
 with it or this whole thing is gonna start apart in the eleventh              
 hour.                                                                         
                                                                               
 MR. ROGERS:  Sean.                                                            
                                                                               
 REPRESENTATIVE PARNELL:  I'm gonna track what Hugh said in response           
 to Judy is I don't think we're taking money off the table.  It just           
 seems that, yes, we're increasing it to 20 from 25 to 50, but we're           
 pulling out of the endowment in the first three years - 98, 99 and            
 00, pulling out $2 bill plus bucks.  We've put 1.2 of the permanent           
 fund earnings reserve into the permanent fund and we've also put              
 another $700 million from that 25 to 50 percent.  So we're spending           
 exactly what we're taking out, at least in the short-term.  I mean            
 -- so I don't see that we're taking money off the table, we're                
 still spending the same money.  It's just shifting through a                  
 different account.  I mean am I missing...                                    
                                                                               
 MR. ROGERS:  You left the dividends out.  That $2 billion includes            
 the dividends, so it's actually only $800 million net of dividends            
 - $700 billion.  The 683 plus 732 plus 796...                                 
                                                                               
 REPRESENTATIVE PARNELL:  Less the dividend?                                   
                                                                               
 MR. ROGERS:  Less the dividend is what's actually available for GF            
 spending in this year.  Bruce.                                                
                                                                               
 MR. LUDWIG:  There's a couple of things - problem that troubles me            
 with this.  One is that it takes an income tax clear out of the               
 plan and that's unacceptable.  That's just flat unacceptable.  The            
 other thing is that I think people are underestimating the public             
 on the use of the permanent fund earnings.  I think that permanent            
 fund is a little more sacred then an income tax and I think that if           
 you can show that you've got a plan that repays that through a                
 higher portion of the the revenues coming in that that's an                   
 acceptable tradeoff in people's mind.  But if you just start doing            
 things status quo and start taking the money out of the permanent             
 fund, I think it kinda -- it changes the whole flavor of it.  And             
 for that reason, I'd vote against it.                                         
                                                                               
 MR. ROGERS:  Further discussion?  The motion is to go from 50 to 25           
 percent.  Are you ready to vote?  All those in favor of the motion            
 please signify by raising your hand.  One, two.  Opposed?  Motion             
 fails.  The -- I want to talk about the spending side, the 40, 30,            
 30.  In year 00 we then convert to this formula that says,                    
 "Inflation plus half of population growth."  We still have about a            
 $40 million deficit and I'd like to advocate that the plan not                
 allow the full formula spending in FY 00, but that the plan say we            
 balance in 00.  What that would mean is that instead of the budget            
 growing according to inflation and half the population growth at              
 about $95 million in that year that the budget would only grow by             
 about half of inflation and a quarter of population in that year in           
 order to balance, and that the target should be that we force the             
 number either by not allowing growth or if the tax numbers turn out           
 to be different, we sort of force the number to 0 at 00 with what             
 are some more real budget cuts but are nominally would still be an            
 increase.  I don't know if the chair can make a motion or not                 
 but...                                                                        
                                                                               
 MS. MCCONNELL:  I'll do it for you then.                                      
                                                                               
 MR. ROGERS:  O.K., Annalee has made the motion to get the issue on            
 the table.  Is there discussion?                                              
                                                                               
 MR. O'CONNOR:  How do you know that what you just said, I mean is             
 that (indisc.) somewhere or have I just...                                    
                                                                               
 MR. ROGERS:  On the total GF spending, the numbers from 00 out are            
 that inflation plus half of population growth, and that's basically           
 out of the base case except we've taken a whole bunch out of the --           
 - since we've cut, we've also cut all that growth in the out years.           
 Mary and then (indisc.).  Mary.                                               
                                                                               
 MS. NORDALE:  Just point of information - so that there are line              
 that says, "Cumulative spending cuts total," would read, "40, 30,             
 30, 50."                                                                      
                                                                               
 MR. ROGERS:  No, because in that - that it's not - it would not -             
 those 40, 30...                                                               
                                                                               
 MS. NORDALE:  I don't mean cumulative, but I mean just spending               
 cuts.                                                                         
                                                                               
 MR. ROGERS:  No, cause 40, 30, 30 is the nominal dollar spending              
 cut.                                                                          
                                                                               
 MS. NORDALE:  Right.                                                          
                                                                               
 MR. ROGERS:  And in the fourth year there would be no nominal                 
 dollar spending cut.  In fact, if you notice right now the budget             
 grows from 2376 to 2471.  So instead -- it was would grow from 2376           
 to about 2421 so there's not...                                               
                                                                               
 MS. NORDALE:  Right but you would...                                          
                                                                               
 MR. ROGERS:  So there's not -- there's no nominal dollar spending             
 cutback.                                                                      
                                                                               
 MS. NORDALE:  Oh I see.                                                       
                                                                               
 UNIDENTIFIED SPEAKER (Female):  But we're squeezing in the                    
 increase.                                                                     
                                                                               
 MS. NORDALE:  Ya.                                                             
                                                                               
 MR. ROGERS:  Lee then Judy then Annalee.                                      
                                                                               
 MR. GORSUCH:  Well the first is we're looking at a population                 
 growth -- well I mean these are all again projections.  We're                 
 looking at a 35,000 additional residents over that five year period           
 of time.  You know on average, assuming that the growth is                    
 reflective of the current composition of the population, probably             
 somewhere in the vicinity of the third are school age children.               
 That means 10,000 additional kids coming into the public school               
 system.  Currently, we spend somewhere in the vicinity about $8,500           
 per student in public education.  Multiply that times the 10,000              
 students.  You're looking at a huge increase in the education                 
 budget.  To assume that that can simply be absorbed again by                  
 transferring the cost or getting the - that level of reduction I              
 think is gonna wind up either simply transferring the expenses back           
 down to the municipalities who ironically, and I think it's                   
 important for all of us to understand, is the municipalities                  
 actually do get their revenues from taxes and they tend to be                 
 regressive taxes to the extent that everybody believes in the                 
 regressivity of property taxes that's unrelated income or sales               
 taxes which they, arguably, are also on the regressive side.  So              
 we're saying, "Well the state doesn't want to do any - any taxes              
 and we'll simply transfer the services to the municipalities and              
 you can raise your school taxes."  I just think this is a - is a -            
 is gonna be extremely difficult to try to pull off and, you know,             
 we're already looking at a 25 percent real reduction in a, you                
 know, state spending per capita.  And I think we're not likely to             
 kind of achieve these results if we just assume without tracing               
 through the consequences of how we're gonna get there.                        
                                                                               
 MR. ROGERS:  Judy.                                                            
                                                                               
 MS. BRADY:  Well all of us have different concerns, you know, we're           
 kinda even to go along with the whole package about what we think             
 is true.  We haven't had 3 1/2 percent -- I mean we are - we are on           
 the low in a sense, you know, jacked up our base case quite a bit.            
 We have had actually 3 1/2 percent growth in the state since we               
 have had (indisc.) every year, every year.                                    
                                                                               
 MS. MCCONNELL:  We're assuming 1.6 percent published.                         
                                                                               
 MS. BRADY:  And we haven't had...                                             
                                                                               
 MR. GORSUCH:  Half of the actual.                                             
                                                                               
 MS. BRADY:  And we haven't had either.  Again, you know, we're                
 doing cadillac version of everything and we're not willing to give            
 that up for, you know, to make all kinds of investments in other              
 ways.  You know you're perfectly willing -- put some of those                 
 perfectly willing apparently to push the figures on one side and              
 not willing to give it all on the other and I -- to - to continue             
 to push about how awful it is to take out a small amounts of money            
 in a huge huge huge budget is just -- I mean I'm fighting that to             
 get to the endowment I guess.  But, you know, my feelings about               
 what we could actually do in terms of cutting our - our -- if we              
 we're really going to go into do reform are a whole lot more                  
 serious then these are now.  And so to say -- I think we can not              
 assume as big as jump through this time period and get to 0 fairly            
 easily.  My feelings have been, from the beginning, either use the            
 money and jack the thing up or if you're gonna take it off the                
 table and stop saying, "Well we can't do it," and just do it and              
 make the changes.  And every time we make a little change downward,           
 oh my God, we can't do that and every time we make a little --                
 every time we start to move it up we're at the other end.  You                
 know, everybody whose for income tax, oh that's a good idea, we can           
 pay it in taxes.  The same people at the municipal level that pay             
 property tax are also the ones that have jobs, they're gonna be               
 paying income tax and it's not just the rich guys, it's that big              
 middle in our state that just is making it, it's just making it.              
 And so these are guys you're asking to pay income tax when you                
 can't make budget cuts or take money off the table because they               
 also don't get the money from all of the social services and that             
 kind of stuff.  Those people are done it the other way.  It's this            
 middle group but now you're asking to -- the property tax is a --             
 and income tax and not near the benefits that the low end and the             
 high end get.  So I think we can knock a half a percentage off and            
 come to 0.                                                                    
                                                                               
 MR. ROGERS:  Annalee.                                                         
                                                                               
 MS. MCCONNELL:  Well, I should be arguing to let it go up because             
 if I still have a job, that's why I'm gonna be so exhausted and               
 crabby then.  But I really do believe it's important to balance in            
 00 and I think I would prefer to see a more -- not have it go up as           
 quickly and balance it and I'm comfortable balancing it on the cut            
 there because I think psychologically, it's real important for us             
 not just sort of come close in 00 but do it in 00 and, you know, I            
 recognize that there will be a tremendous amount of pressure, but             
 on the other hand I think we can take it up a little more gradually           
 and gain a lot of (indisc.).                                                  
                                                                               
 MR. LUDWIG:   What does that figure do when we increase the taxes             
 (indisc.)?                                                                    
                                                                               
 MR. ROGERS:  The tax numbers, we only had about a $5 million.                 
 Instead of -49, we're at -43.  What it does, by bal -- if we                  
 balance in 00, it would have the effect of allowing us one more               
 year if we wanted it for the income tax.  The income tax could take           
 effect in 02, we could calendar in 02 instead of 01, because we're            
 balanced in 00 and we're within $5 million in 01 without a tax.               
                                                                               
 MS. BRADY:  Which is what our -- which is what we talked about                
 anyway, having the thing in 98, 99, starting at 2 - 1 or 2.                   
                                                                               
 SENATOR LINCOLN:  Could you give me those figures for 00 and 01               
 without a tax.                                                                
                                                                               
 MR. ROGERS:  Without a tax, with Annalee's motion, for....                    
                                                                               
 TAPE 2, SIDE A                                                                
                                                                               
 MR. ROGERS:  ...and that means that the growth, instead of being              
 from 2376 to 2471 is 2376 to 2428 in nominal dollars.  In real                
 dollars that would represent a reduction of $20 million in real               
 dollars in FY 00 in order to make it.                                         
                                                                               
 UNIDENTIFIED SPEAKER (Female):  A reduction of $20 million.                   
                                                                               
 MR. ROGERS:  A reduction of $20 million real and an addition of $70           
 million, excuse me of $50 million nominal.  That's - that's a point           
 at which real and nominal have different signs to them.                       
 SENATOR LINCOLN:  In the gap then would be...?                                
                                                                               
 UNIDENTIFIED SPEAKER (Male):  Zero.                                           
                                                                               
 MR. ROGERS:  Zero in 00 and $6 million in 01 without an income tax.           
 And I think under our income tax trigger two years, we'd really -             
 we'd push the income tax from 01 to 02.  Bruce.                               
                                                                               
 MR. LUDWIG:  Mr. Chairman, I don't have a problem I guess going               
 with 000, but I don't want to change the assumptions of the                   
 population in (indisc.).  I mean I could - I can support taking $20           
 million or $50 million, whatever that cut is out, but I think we're           
 just sticking our head in the sand if we don't think that the                 
 buildings that we lease from people are gonna go up and the goods             
 that we purchase are gonna go up.  So I wouldn't support changing             
 the formula but I would support cutting it to get it to 0 for that            
 year.                                                                         
                                                                               
 MR. ROGERS:  I think the motion is only to go to 0.  Is that right?           
                                                                               
 MS. MCCONNELL:  Right.                                                        
                                                                               
 MR. ROGERS:  Further discussion on that motion?                               
                                                                               
 UNIDENTIFIED SPEAKER (Male):  And what happens after that?                    
                                                                               
 UNIDENTIFIED SPEAKER (Male):  Back to the base case.                          
                                                                               
 MR. ROGERS:  Basically the -- what happens after that would be the            
 existing model.                                                               
                                                                               
 MR. POURCHOT:  From that point.                                               
                                                                               
 MR. ROGERS:  From that point.                                                 
                                                                               
 MS. MCCONNELL:  So lower the spending in the out years.                       
                                                                               
 MR. O'CONNOR:  So does that mean that the bottom line of this would           
 go 40, 30, 30, 50?                                                            
                                                                               
 MR. ROGERS:  No because 40, 30, 30 is in nominal dollar and there             
 is no nominal dollar cut in that fourth year.                                 
                                                                               
 MS. MCCONNELL:  You actually would allow for about a $50 million              
 increase then.                                                                
                                                                               
 MR. ROGERS:  In nominal dollars.                                              
                                                                               
 MS. MCCONNELL:  In nominal dollars.                                           
                                                                               
 MR. ROGERS:  So in nominal dollars you'd have -40, -30, -30, +50,             
 and in real dollars it is -100, -100, -100, -20.  The effect of our           
 - of the 40, 30, 30, is $100 million real cut the first year, $100            
 million real cut the second year, $100 million real cut the third             
 year, and then under Annalee's motion, $20 million in real cut the            
 fourth year.                                                                  
                                                                               
 MR. GORSUCH:  Mr. Chairman.                                                   
                                                                               
 MR. ROGERS:  So the motion is whether we go from 100, 100, 100, 0             
 to 100, 100, 100, 20.  Speaking to that motion.                               
                                                                               
 MR. GORSUCH:  A Mr. Chairman, the a -- I think it's important for             
 us all to appreciate that the base case we use already has implicit           
 additional reductions.  That is it is not inflation and population            
 growth.  In my recollection is that we cut it in half.                        
                                                                               
 MR. ROGERS:  Inflation and half population growth under the theory            
 that some programs are not population driven.                                 
                                                                               
 MS. BRADY:  It is inflation.  It'd have to be.                                
                                                                               
 MR. ROGERS:  Cut in half - population.                                        
                                                                               
 MS. BRADY:  Inflation and half population is inflation - does have            
 (indisc.)                                                                     
                                                                               
 MR. GORSUCH:  So, again, just turning back to the spreadsheet.                
 Under the original plan, per capita spending in real dollar terms             
 goes from $4,000 down to $3,328.                                              
                                                                               
 MS. MCCONNELL:  In -- that's in the year what?                                
                                                                               
 MR. GORSUCH:  In the year 2000 under the current plan.                        
                                                                               
 MR. ROGERS:  And under this -- under families (indisc.) 3271, a               
 reduction of another $50 per capita.                                          
                                                                               
 MR. GORSUCH:  And, Mr. Chair, I don't -- I think we're far enough             
 along to balance this into the 0 in 2000, but I just want to                  
 emphasize that not certain -- using disdain that inflation doesn't            
 really have budgetary impacts isn't true.  I mean it does have big            
 impacts.  Now - so all I'm asking is that we keep in mind that a -            
 having - what represents a significant drop in four or five years             
 is a - is in fact big and if we're not giving ourselves and the               
 public sort of an understanding of what that represents, I do think           
 that it does have some consequence.  The other thing I would just             
 urge then as we get to the spending cuts, so we can address Judy's            
 point earlier about where do we expect these to come down.  And I'd           
 like to do some of this generally specific guidelines, which I                
 think we made some headway day before yesterday, but I think we               
 kind of petered out around $100 million.  So we got $200 million              
 more to go and people are gonna ask us, "Well what are you - what             
 are you expecting to be cut when you sort of set this target?  It's           
 nice to do it mathematically, now could you give us a little more             
 specificity," and I'd just like to sort of round out that                     
 conversation.  So I think balancing this is fine.  I just want us             
 to be aware that if we don't take inflation into account as a cut,            
 then it is gonna be hard to sell this in the general public.                  
                                                                               
 MR. ROGERS:  Motion on the table is to move to balance in 00 - 0 in           
 00.  Are you ready to vote?  All those in favor signify by raising            
 hands.  Passes unanimously, passes...                                         
                                                                               
 UNIDENTIFIED SPEAKER (Male):  Are you opposed?                                
                                                                               
 SENATOR RIEGER:  I think that the problem is that you're trying to            
 find ways to bail out of the problem created by diverting the                 
 royalty stream.  (Indisc.) appropriate to participate in that when            
 I'm against the diversion of the royalty steam.                               
                                                                               
 MR. POURCHOT:  Do you support moving the income tax back a year?              
                                                                               
 SENATOR RIEGER:  I don't support the diversion of the royalty                 
 stream or some of the other ventures that were done to bulk up the            
 permanent fund.  So you know some of these it's not really fair for           
 me to vote on them.  I'm not with this program right now.                     
                                                                               
 MR. ROGERS:  So where we are now is with a gap of 0 in 99, a                  
 surplus of 137 in 05, a postponement of the income tax one year to            
 FY 2002, a permanent fund balance at 43.7 - that taken $50 million            
 out in nominal dollars made a half billion dollar difference in the           
 permanent fund in the out year.  That's how big the effect of                 
 spending reductions is, and we picked up another $11 million on the           
 out years.  I want to break now for a few minutes.  Do people have            
 preferences for what we might order in for lunch.  Pizza O.K. or?             
                                                                               
 MR. GORSUCH:  Last night's dinner was fine.                                   
 (Discussion regarding what to have for lunch)  O.K., we'll take               
 about a 15 minute break here and then resume at 12:30, we'll break            
 again whenever the pizza, or whatever arrives, probably around                
 1:00.  We have have a little more work on the spending cuts...                
                                                                               
 MS. BRADY:  I want to talk again a little bit about spending cuts             
 and - because we're still trying...                                           
                                                                               
 MR. ROGERS:  We're gonna take a break, spending cuts is the first             
 thing on the agenda after the break.                                          
                                                                               
 (After break)                                                                 
                                                                               
 REPRESENTATIVE NAVARRE:  Did we put in a suggestion that if the               
 legislature chooses not to implement these other taxes that income            
 tax gets moved up?                                                            
                                                                               
 SENATOR LINCOLN:  (Indisc.) a negative.  If it goes for a                     
 negative...                                                                   
                                                                               
 MR. LUDWIG:  (Indisc.) saying they elect not to do...                         
                                                                               
 REPRESENTATIVE NAVARRE:  I mean they could also do it by further              
 cuts in the budget but they're not gonna get there.                           
                                                                               
 CHAIRMAN ROGERS:  I think in terms of giving a three year plan with           
 a super majority saying that if we fill it with an earlier income             
 tax might be a serious problem.                                               
                                                                               
 UNIDENTIFIED SPEAKER (Female):  (Indisc.--coughing).                          
                                                                               
 MR. ROGERS:  I think that the commission - on the commission.                 
                                                                               
 SENATOR LINCOLN:  Aren't we trying to get to -- I mean it'd be nice           
 to get to a super majority (indisc.).                                         
                                                                               
 CHAIRMAN ROGERS:  I think it carries more weight in terms of the              
 plan that people can endorse.                                                 
                                                                               
 REPRESENTATIVE NAVARRE:  I just have a difficult time understanding           
 why that is because income tax does have a benefit of being able to           
 be deducted from federal taxes.  It's the out-of-state workers in             
 Alaska, so we're weighing everything pretty heavily for Alaskans on           
 here and that -- I guess we could debate this in the legislature.             
 I just don't want to set it up so that the legislature says we're             
 not going to do income taxes until this year.  It may be, in fact,            
 a better choice than many of the other taxes.                                 
                                                                               
 MR. O'CONNOR:  Mike, if I -- one of the things is working it we're            
 also saying before you get an income tax.  We want to see some                
 cuts.  We want to see some services that where the user pays for              
 the services before you (indisc.--) you know tax everybody.  I                
 think that was kinda the way this thing got there.                            
                                                                               
 MS. BRADY:  Ya, we're saying we're doing systemic changes by doing            
 an endowment, we want to see some systemic changes way some money             
 is spent on (indisc.)                                                         
                                                                               
 REPRESENTATIVE NAVARRE:  All except for the head tax on individuals           
 which is a reduction in dividend and it translates in to a head               
 count.                                                                        
                                                                               
 UNIDENTIFIED SPEAKER (Male):  On residents.                                   
                                                                               
 REPRESENTATIVE NAVARRE:  On residents.  It's a resident tax period.           
 I understand what you're saying, I just -- a reduction in dividends           
 is a head tax on residents of Alaska.                                         
                                                                               
 MS. BRADY:  Where we're you when we voted on this?                            
                                                                               
 UNIDENTIFIED SPEAKER (Male):  I was here in the majority.                     
                                                                               
 MS. BRADY:  Well...                                                           
                                                                               
 MR. LUDWIG:  Well it's also -- he was gonna give us a proxy, but              
 you objected to the proxy so we couldn't use it.                              
                                                                               
 MR. ROGERS:  We're gonna move to the budget cuts list.  We need               
 about 8 more bigs, about 12 more mediums and a lot more small.  Lee           
 did a rough calculation at a 100 - roughly a $100 million, not                
 counting the conditionally big.                                               
                                                                               
 UNIDENTIFIED SPEAKER (Male):  Is that real or nominal.                        
                                                                               
 MR. ROGERS:  Yes.  Judy                                                       
                                                                               
 MS. BRADY:  I gonna make a - I'm gonna make a pitch again that we             
 don't spend a whole lot of time on this and that we look at areas             
 that are obviously are drivers that need to have some special                 
 emphasis, perhaps from a group of people with the directives that             
 they cannot add to - to apparently what the formula - education               
 formula group did - that they must use a systemic change to change            
 it because this kind of thing, especially the way we did it where             
 we said, "If anybody objects, it goes off the list."  That's not              
 how cuts happen and that's not -- and cutting $30 million here and            
 $5 million there and $1 million there is also not gonna fix - not             
 gonna get us where we need to go.  We need to change some things              
 pretty seriously because we are so far out of whack in areas that             
 other -- not even where we're unique where other states are doing             
 the same things, we are out of whack and we're not even willing to            
 deal with that.  And we don't have enough time, we don't have                 
 enough time to be believable in coming up with, you know, even as             
 specific as some of these are.  So I just think we need to be very            
 careful about -- maybe identify those areas where there just quite            
 obviously has to be some big changes or it'll be (indisc.).                   
                                                                               
 MR. ROGERS:  Mike and then Hugh.                                              
                                                                               
 REPRESENTATIVE NAVARRE:  I was just looking at the freezing the               
 "Certificate of Need" for hospitals or nursing homes or whatever,             
 as a medium savings over five years.  Actually I don't think it               
 saves anything, it just reduces what would otherwise be a potential           
 increase.  It doesn't save anything from the budget.  So it...                
                                                                               
 MR. ROGERS:  It reduces budget increases.                                     
                                                                               
 MR. LUDWIG:  Which would be a nominal cut?                                    
                                                                               
 MS. BRADY:  Well see that kind of argument that just makes us look            
 (indisc.) right.                                                              
                                                                               
 REPRESENTATIVE NAVARRE:  But it doesn't - it doesn't reduce                   
 anything from what goes in our base case because all of those are             
 gonna continue.  So I don't think you save anything.  You see it              
 doesn't help bridge the budget gap.                                           
                                                                               
 CHAIRMAN ROGERS:  But if you don't do it, the budget gap will                 
 grow...                                                                       
                                                                               
 REPRESENTATIVE NAVARRE:  No, I think we should do it but I think              
 that you should, I mean I think that should be a recommendation but           
 you can't show it as a savings.                                               
                                                                               
 MR. ROGERS:  Good point.                                                      
                                                                               
 MR. LUDWIG:  ...presume that...                                               
                                                                               
 MR. ROGERS:  It's a cost avoider.                                             
                                                                               
 MR. LUDWIG:  ...and increased population, you (indisc.) that as you           
 got the savings back and expenditures.                                        
                                                                               
 MR. ROGERS:  I think a more accurate title, I mean that would be              
 avoid cost increase.  Mike O'Connor and then Sean.                            
                                                                               
 MR. O'CONNOR:  O.K., I'd say one that you can put on there is                 
 consolidate higher education.  It could save $20 million a year.              
                                                                               
 SENATOR LINCOLN:  And I object to that and I think that, Mr.                  
 Chairman, that the reason that -- and I mentioned before exactly              
 why I object to that.  I object to it because when you consolidate            
 then you're talking about eliminating the community colleges,                 
 you're talking about eliminating rural distance delivery and the              
 services then are going to go to the urban population and to hell             
 with the rest of the state.                                                   
                                                                               
 MR. ROGERS:  Are you ready to vote?                                           
                                                                               
 UNIDENTIFIED SPEAKER (Male):  On what?                                        
                                                                               
 MR. ROGERS:  Mike's motion to add "Consolidate higher education."             
                                                                               
 REPRESENTATIVE NAVARRE:  Oh to this list?                                     
                                                                               
 MS. BRADY:  Can I point out that before if someone objected, it               
 just went off.  I mean we didn't even vote on things.                         
                                                                               
 MR. O'CONNOR:  Two objections and it was off.  That's right.                  
                                                                               
 MS. BRADY:  So, see this is not -- all this does is we don't have             
 time for this, we don't have time to do the information that we               
 need to know, you know, back and forth and the cut now or cut                 
 later.  We don't have the people here to let us know, you know, to            
 do the kinds of thinking through we have to do.  I'm just real -              
 I'm...                                                                        
                                                                               
 MR. ROGERS:  Annalee and then Hugh.                                           
                                                                               
 MS. MCCONNELL:  I share some of the Judy's concern.  I think that             
 we had felt that we needed to have some degrees of specificity in             
 order to lend credibility to our argument that there are places               
 that could be cut in the budget and it should be, and I think we              
 have given some good ideas, and I think we need to be careful that            
 we don't try to get a level of precision that indicates that this             
 is the most appropriate package.  I think we have to be sure that             
 we make it really clear that there are some very specific areas,              
 some of which we think there is probably very little disagreement             
 that there are significant savings that we should proceed.  Others            
 on this list I think fall more into the category of needing a fair            
 amount more discussion and more information.  But I think -- I'm              
 glad we've done this now.  I feel that we've got some stuff here              
 that adds to the credibility of the overall report.  But I have to            
 agree with Judy that we probably shouldn't try to make it too                 
 precise a package, it implies a level of accuracy that we don't               
 have - of course big, medium and little, it's not exactly accurate            
 but still....                                                                 
                                                                               
 MR. ROGERS:  Hugh.                                                            
                                                                               
 MR. MOTLEY:  I guess I share Lee's concern that we've asked for               
 $250 million in real cuts and we have identified what might amount            
 to $100 million.  I've got one that I didn't address the other                
 night because I was tired and we ran out of time and I was kind of            
 shocked that one of my suggestions got through anyway.  I have                
 one...                                                                        
                                                                               
 MS. MCCONNELL:  We might shock you again.                                     
                                                                               
                                                                               
 MR. MOTLEY:  I have one, incentive programs, tier three retirement            
 for TRS and PERS.  We're talking about retirement, I guess I'd like           
 to expand that and say as to PERS and TRS that we look at                     
 compensation levels in competitive areas like the Northwest and               
 labor availability and look toward a scaling down to a comparable             
 level which would be more nearly what the private sector has, not             
 just retirement benefits but also compensation level because I                
 think the public is going to demand that and if we don't put it on            
 the table, we'll never meet any of this stuff.                                
                                                                               
 MR. ROGERS:  Let me ask a question about that.  What if that study            
 showed that certain categories should be scaled up.  Would you                
 support scaling those...                                                      
                                                                               
 MR. MOTLEY:  Yes.                                                             
                                                                               
 MR. ROGERS:  Would you support scaling the ones that are over                 
 market down and the ones that under market up.                                
                                                                               
 MR. MOTLEY:  I think you clearly have to live with the result.  I             
 don't think it's gonna be an automatic scale down for everybody.              
 I think there -- but...                                                       
                                                                               
 MR. ROGERS:  Could you take the word "down" out and say, "Scaling             
 to comparable level?"                                                         
                                                                               
 MR. MOTLEY:  Ya, scale to comparable level.                                   
                                                                               
 MS. MCCONNELL:  I don't think the public will stand for me making             
 a salary if equivalent to what would be paid in the private sector.           
                                                                               
 MR. POURCHOT:  Annalee, you ought to abstain from voting on this.             
                                                                               
 UNIDENTIFIED SPEAKER (Male):  (Indisc.)                                       
                                                                               
 MR. MOTLEY:  Private sector where?                                            
                                                                               
 MS. BRADY:  See I think it should be indexed to what people are               
 paid in other states - in other similar states, and that's                    
 education salaries.  I mean up -- we've always been more, but man,            
 we are like...                                                                
                                                                               
 MS. WESTFALL:  Way more.                                                      
                                                                               
 MS. BRADY:  Way more.  That's gotta -- not for the people already             
 making it.  You don't expect people to do that, but for new hires,            
 boy index to what - closer to what folks are making.                          
                                                                               
 MR. ROGERS:  Sean.                                                            
                                                                               
 REPRESENTATIVE PARNELL:  Just clarification here.  Are you talking            
 about indexing it to comparable public sector employees or                    
 comparable private sector in other states.  Which?                            
                                                                               
 MR. MOTLEY:  One of the reasons that we -- that the private sector            
 here is troubled is because the indexing that is occurred here                
 occurred at a time when the private sector was in a boo pipeline              
 type scenario and the public sector was brought up to those levels            
 to be competitive.  The private sector has gone down since those              
 pipeline days.  The public sector has not and I don't mean public             
 sector individually but there are -- this has got to come to                  
 balance because you'll never cut this stuff until there is some               
 work done on the....                                                          
                                                                               
 MR. ROGERS:  Bruce.                                                           
                                                                               
 MR. LUDWIG:  I think what Hugh is saying is, in a large part,                 
 valid.  I think there are certain occupations where it is over and            
 maybe for some policy reasons they've stayed higher, but I think in           
 a lot of cases they're under market too.  We're talking about doing           
 something to the retirement system that maybe comparable to other             
 people in the health insurance.  I think you have to the total                
 package as far as the wages go.  I don't disagree with it, I think            
 that's what the law says you do right now.  The Division of                   
 Personnel does a study, supposed to be annually.  They do about               
 once every ten years, but they did make an adjustment I think two             
 years ago on administrative and clerical.  They did downgrade some            
 positions.  I think just spending a little more time in that area             
 might save some.  It's still routine fairness.                                
                                                                               
 MR. ROGERS:  I support the motion because I think there is an                 
 inherent fairness in looking at comparable studies.  I have a                 
 problem with the effect of this - the political effect.  If it                
 does, as I expect it will, show that the - some of the lower paid             
 employees are high relative to market and some of the higher paid             
 employees are low relative to market.  And I think that we should             
 be looking at market.  I think it's the right thing to do but the             
 net effect of doing that my be to widen wage disparity between the            
 lowest and highest paid workers in Alaska, and I think that that              
 will violate some people's sense of fairness, but I think that a              
 market based approach makes a lot of sense and the public can                 
 ultimately accept that.                                                       
                                                                               
 MS. BRADY:  You mean - you mean if you're...                                  
                                                                               
 MR. ROGERS:  I think what you'll find is that...                              
                                                                               
 MS. BRADY:  I know but if that's the way -- if you're working at a            
 job that requires certain skills and you're getting paid at five              
 times more than those skills and you should because you're lower              
 paid, and if you're a manager and you're not getting paid enough,             
 that's O.K. because after all you're a manager.                               
                                                                               
 MR. ROGERS:  I'm not saying I believe that, but I believe there is            
 a widespread -- I hear proposals to cut everybody making more than            
 $50,000 a year back to $50,000, or cut everybody making over                  
 $50,000 by 10 percent.  Those have been made by the legislators as            
 part of the budget process and that it -- everyone's countered,               
 (indisc.) market based approach.  I support a market based approach           
 and support Hugh's motion but I think there could be some political           
 difficulty if the effect were for certain.  Currently, high paid              
 positions that are 10 percent or 20 percent or 30 percent below               
 market, to go even higher - I think there would be some political             
 heartburn in the legislature over that even if it makes sense form            
 a market based approach.                                                      
                                                                               
 MS. BRADY:  Well I think it's gotta -- are you talking private?               
 It's gotta be public market not -- is there a mix?                            
                                                                               
 MR. MOTLEY:  I'm talking market based.  I think we need to -- for             
 example, I don't know that we can say what education is gonna be.             
 I'm just saying that I believe that state funding should go to a              
 market level comparison with other jurisdictions comparable,                  
 whether it's Northwest or whatever, I don't know how you compare              
 education to a private sector.  So I -- it doesn't do much for me             
 but -- and it's not saying -- we're talking about a tier three,               
 we're not talking about changing anybody that's there but we got to           
 do something because you've seen the formula, 10,000 more students,           
 more money.  We've got to change that.  We've gotta look at it and            
 if the local area wants to pick up that other tab, then to it, but            
 I don't think the state can handle that kind of funding.  I think             
 the state has got to fund it at one level and if the others want to           
 pick it up, that's fine.                                                      
                                                                               
 MR. ROGERS:  The motion before us is that do we include in our                
 budget area a recommendation for look at comparative compensation             
 levels and scale compensation levels to a comparable levels for               
 both salaries and benefits.  Are you ready to...?                             
                                                                               
 MR. MOTLEY:  And it's right to pass through with any objections.              
                                                                               
 MR. ROGERS:  Are there any objections?  Hearing none, that's                  
 adopted.                                                                      
                                                                               
 MS. MCCONNELL:  And Judy knows CPR since you're about (indisc.)               
 shock but too.                                                                
                                                                               
 MR. POURCHOT:  Briefly comment on -- even though I was sitting                
 there, I missed the chalkboard when the assignment that big was put           
 next to administrative consolidations of departments.  There is two           
 parts to that.  I mean I think everyone agrees that department's              
 divisions should be looked at for consolidation.  Several years ago           
 Senator Faiks had directed a fairly intensive private contract to             
 look at Natural Resources, DNR, DEC and Fish and Game                         
 consolidation, and after a lot of look at that and consolidating              
 the proposal essentially saved the price of the two commissioners             
 that you wouldn't have.  Many looks have resulted in the same                 
 thing.  Just rearranging the boxes typically, you know, you                   
 eliminate the two division directors or one of the two division               
 director's salaries or one of the two commissioners.  Those are not           
 big savings.  To get big savings, and maybe this was intended, if             
 you eliminate functions which, I mean that's a huge area underlying           
 that - those simple words, "Administrative consolidations," then              
 you really need to look at what functions are you talking about not           
 doing like the Division of Sport Fisheries or I mean that's where             
 you get big and I don't think we're prepared to get into that.                
                                                                               
 MR. ROGERS:  I think what was meant by this, and I was a little               
 surprised to see the consolidation because I thought we were -- the           
 discussion was that re-engineering the way we do certain                      
 administrative practices in that as well.  I personally think the             
 statement was our big fair in terms of looking at a single                    
 administrative services office covering five department instead of            
 five separate administrative services within five departments and             
 re-looking at the way procurement is done by departments or payroll           
 is done by departments or personnel or those other support                    
 functions.  I think there are, you know, if big was over $20                  
 million a year by year five, I believe the state can go much                  
 further than that.                                                            
                                                                               
 MS. MCCONNELL:  What if we just add a couple of words to expand on            
 the rest of that concept from yesterday - administrative                      
 consolidation, streamline, and it was sort of a grouping of                   
 efficiency related things.                                                    
                                                                               
 MR. ROGERS:  Re-engineering.                                                  
                                                                               
 MS. WESTFALL:  How about (indisc.) and privatizing.                           
                                                                               
 MR. ROGERS:  I think privatizing is a separate issue and we ought             
 to look at that separately from those.  Judy.                                 
                                                                               
 MS. BRADY:  I'm gonna try this once more.  We are asking for a big            
 change in the way we do business in this state, a big change, and             
 that's gonna be the center of the debate.  This trivializes                   
 everything we've said, I mean, because people look at this and they           
 say, you know, change the fees for the pioneer homes.  I mean it's            
 kinda like big stuff and little stuff all kind of mixed in and                
 that's not important, it is important, but it's like what are we              
 doing here.  We want to pick the three or four things that we need            
 to concentrate on.  That might be interest, I mean the three big              
 things because it would make a difference.                                    
                                                                               
 UNIDENTIFIED SPEAKER (Male):  Health, Education and Welfare.                  
                                                                               
 MS. BRADY:  Ya, Health, Education and Welfare; Corrections; and               
 Transportation.  I'm tired of hearing about fat budgets when people           
 just took things off budget.  But someway of big things and then              
 leave all this other stuff and lets get done...                               
                                                                               
 MR. ROGERS:  With education, you said slow the growth of general              
 fund education spending.  With welfare, we said their welfare                 
 reform package would help, with Transportation, with Corrections we           
 haven't said anything.                                                        
                                                                               
 MR. POURCHOT:  Hospitals CON.                                                 
                                                                               
 MR. ROGERS:  Ya, but that's a cost avoider, not a cost saver.                 
                                                                               
 MS. BRADY:  Shouldn't we be indexing our costs to what everyone -             
 to what similar states have on those areas where we are not unique.           
 Every state has corrections, every state has education, every state           
 and those areas where we are not unique, there is no reason for us            
 to be 8, 9, 10, 15 times over their costs.  There is no excuse for            
 it.  It means we're doing something that they're not doing or we're           
 doing something really wrong.  So why don't we take a look -- why             
 don't we seriously look at indexing our costs to similar to like              
 states like Wyoming, Montana, places that have big distances and              
 have some of the same kinds of problems and see where we are and              
 see why we are and stop throwing it off to saying oh we're unique             
 because we are not unique in education, we are not unique to                  
 corrections, we are not unique in welfare.  And then take a look at           
 those place where we are unique and say O.K. do we still want to do           
 this.  Do we still want to do longevity?  Do we still want to do              
 all this other stuff, and just -- and start paying serious                    
 attention where we're way off the scale in normal functions.                  
                                                                               
 MR. ROGERS:  Georgianna, Mike.                                                
                                                                               
 SENATOR LINCOLN:  Well Judy, I guess I'd have to disagree with you            
 then when you say we're not unique.  We are unique in education, we           
 are unique in corrections.  We are unique in that we can't just get           
 in a car and drive to all the communities as the majority of the              
 rest of the United States enjoys.  So the cost of doing business is           
 much much greater.                                                            
                                                                               
 MS. BRADY:  Our salary scale's 88 percent higher in education than            
 any place else.  That doesn't have to do with driving, that has to            
 do what we pay people than anybody else.                                      
                                                                               
 SENATOR LINCOLN:  But to just say that we're not unique.  We are in           
 how we deliver those services.                                                
                                                                               
 MS. BRADY:  Separate out the uniqueness and then take a look at               
 where we're not unique because I'd be willing -- well we all know,            
 that's where our prices are.  Our costs are higher.  Not where we             
 are not unique.  Where we are unique, O.K., ya easy to sell, but we           
 need to be indexing where we are the same as every other place and            
 why are our costs so much higher there.  And maybe we say fine, ya            
 there is a reason and here's why and we buy in.  Distance is a way            
 - is a reason for being higher but that doesn't account for the               
 fact that you pay the people ten times more than anybody else does.           
                                                                               
 MR. ROGERS:  Mike Navarre and then Annalee                                    
                                                                               
 REPRESENTATIVE NAVARRE:  Well I don't think that we're paying                 
 either ten times or 88 percent higher in education than any other             
 place.  Also, we are unique because Wyoming or Montana or wherever            
 else, have many small communities but it's not the same transition            
 from a lifestyle that our villages had to an economic structure               
 that was forced upon on them.  So then what you have in a lot of              
 those rural areas that have absolutely no economic base now is a              
 social system that compensates based on whether or not they have              
 access to a job and things like that.  So, I mean we've seen a                
 tremendous road in a lot of rural Alaska in health and social                 
 services' costs and welfare costs.  We've also seen because of                
 decisions that we made or that were made years ago by courts,                 
 education system and legislative decisions when we had a lot of               
 money.  I think we can realize some savings there and I think that            
 the savings come out here in year FY 03 and 04 and 05, rather than            
 in FY 97, 98, 99.  In fact, if you want to do some of that we                 
 should be loading more ability into the - into the front end to get           
 the savings at the - at the far end and we're not - we're not doing           
 that.  What we're saying is you're gonna save $350 million over the           
 first three years (indisc.) and do it through some type of                    
 reorganization and reduction and then you allow for growth out here           
 into the future.  And I think we've set up an impossible task.  I             
 think we can achieve some real significant savings but I guess I              
 sort of agree with you that what we're doing is putting everybody's           
 pet peeve on here without a lot of information about how we got to            
 where we're at and some - you know pulling out of the sky what                
 types of savings we're likely to realize when the legislature                 
 (indisc.--coughing) and I could tell you, it's easier said than               
 done.  I mean it's -- and not without very legitimate attempts by             
 a very conservative legislature.  It's a slow process or you see a            
 lot of economic impact that you don't want to see.                            
                                                                               
 MR. ROGERS:  Annalee:                                                         
                                                                               
 MS. MCCONNELL:  I think we're falling a little bit into the trap of           
 getting so much caught up in whether we're alike or different and             
 we all view it so uniquely that I think we won't get off it.  And             
 I think departments like Corrections are aggressively pursuing a              
 budget regardless of deciding whether we're the same or different.            
 They're going gung ho on a bunch of cost savings measures now to              
 find out why - where we can pick up big savings then.  I think                
 that's where we want to emphasize our efforts is the practical                
 stuff and not let ourselves get caught in the battle of which way             
 we perceive the world.  So that was just a general comment and then           
 on a specific thing, I'd like to change the one on education to               
 allow for the incorporation of an idea that Hugh had mentioned in             
 the context of compensation.  Allow the possibility that maybe we             
 standardize a - for salary levels of state support and locals would           
 be free to do something different.  Sean was suggesting maybe just            
 take out first three or four words to say, "Slow the growth,                  
 general fund education spending."  That might be the education                
 formula, it might be do an indexing of salaries and its shift in              
 local/state split or something of that sort but it would open up Aa           
 couple of other possibilities.                                                
                                                                               
 MR. ROGERS:  Bruce, then Annalee.                                             
                                                                               
 MS. MCCONNELL:  I mean don't know if that's gonna accepted but I              
 just throw that out as an idea.                                               
                                                                               
 MR. GORSUCH:  Mr. Chairman, the way many of these things tend to              
 work is they're indexed off of Anchorage and then everything                  
 becomes a factor off of the Anchorage is 100, and in the past we              
 always assumed that the cost of living between Anchorage and                  
 Seattle was 25 percent and then 13 percent.  So it does seem that             
 if the -- if there is a desire to try to bring in comparability               
 where comparability is important, it would be in our large urban              
 areas of Fairbanks, Anchorage and Juneau, since on most of these              
 formulas their so called 100, that's the base from which everything           
 else starts.  So to get at this issue means that those are the                
 groups that have to be indexed first to get to the point to drive             
 to the bush and the outlying areas where we do have work done on              
 the cost of living geographic differentials and so forth.  Now I              
 think it applies not only to compensation, but it also applies to             
 benefits.  That is trying to move towards the target that                     
 compensation and benefits are indexed in some degree where                    
 appropriate towards this kind of level.  And when there are                   
 arguments about discretion, I think that's perfectly legitimate               
 that there is some other reason why there should be exemptions and            
 waivers and so forth, above and beyond.  But the truth of the                 
 matter is if we're gonna get at this $2.4 billion dollar budget               
 knowing its composition, it has to get into those entitlement                 
 programs and it has to get into education or we've lost over 50               
 percent of the entire budget.  And as we look at our expenditure              
 graph, again going back to our first report, the Runaway Program,             
 as Annalee said was in Corrections, and the -- so I think it's                
 appropriate to be looking at those budget busters.  But the core of           
 it, even though Corrections has been growing rapidly, it's still a            
 hundred and twenty some million dollars on a $2.4 billion dollar              
 budget base, so that's 5 percent of the budget.  So even if you               
 have effective cost containment on corrections, you still have the            
 other 95 percent of the budget you have to be worried about.  So I            
 think this idea of trying to come up with a strategy on both                  
 benefits and -- I mean compensation and the benefits appropriately            
 benchmark, or however you want to characterize the reference, but             
 as Mike said it's gonna take years to get into that point if you              
 use the tier, you know, (indisc.) such as the tier three strategy             
 because the normal turnover in employment is around 10 percent, so            
 as you're hiring back at a rate of about 10 percent a year, so over           
 a ten year period of time you can expect to get a major change, I             
 mean a fairly dramatic change which you put in place the systemic             
 change by you initiation practice.  That is putting the tier three            
 concept, you know, into place but I think it would have to handle             
 benefits as well as the compensation since so much of past                    
 (indisc.) on block grants to individuals and to - and to                      
 communities.  The -- so I think that's big big downstream.  I'm not           
 sure how big it is in any particular year but I think over the                
 accumulation of our five year plan and our ten year plan, those are           
 the major potential savings.  The second is to turn to the                    
 Corrections as an example.  I had mentioned this in one of our                
 earlier conversations.  When I spoke with the Alaska Sentencing               
 Commission, one of our Supreme Court justices had said our                    
 mandatory sentencing could be reduced by 25 percent and still be              
 within the national averages.  Now again, part of what's happened             
 is that we've rushed in to sort of lock everybody up for long                 
 periods of time and then we don't want to pay the bill.  Now on one           
 hand we can get our bill down, as Judy was suggesting, by again               
 doing this bench marking and how much do you pay for cards and how            
 much do you pay for this and that and the other thing.  But still             
 the rate tends to be a lot higher because we have significantly               
 higher mandatory sentencing.  So if we're serious about this, then            
 you gotta reexamine whether or not those particularly stiff                   
 penalties is affordable and if it's not, then that's one of these             
 compromises that also has to be put back on the table again.  Is a            
 shorter swifter justice better than a slower longer justice?  And             
 I think that's a fair issue to put back, you know, back on the                
 legislature.  On the Medicare Medicaid costs, where those have been           
 growing in excess of 10 percent a year for the past several years,            
 that's another one of our big budget busters in terms of how you              
 come up with effective cost containment on Medicare Medicaid.  But            
 the truth of the matter is we don't even know what's driving the              
 cost.  That is it could be partly driven by a changing demographics           
 that the more -- the elderly populations are both fastest growing             
 and they get sick more than the sort of middle population.  So part           
 of it may be built in to the - to the  population base but we need            
 a cost containment strategy on health related costs and this idea             
 of whether or not we want to use a Certificate of Need as the                 
 intervention, you know we're build hospital beds because they're              
 free assuming that there is no cost.  It's like building additional           
 roads because 90 percent comes from the feds but we have to                   
 maintain them.  So in the cost costs more than the match to get the           
 federal dollars.  The only way we're get a cost containment is to             
 get better bed utilization rate, better equipment utilization                 
 rates, but I don't think the state has a coherent strategy.  Now              
 again, it's gonna be hard to put a short-term on a health care cost           
 containment plan but there's gotta be something put in place there            
 or we're we're tinkering with marginal savings when the larger                
 long-term savings, or a Judy was referring, are and serve systemic            
 changes.  So I think those are three areas that would warrant the             
 potentially large savings even though it's gonna be hard to sit               
 down and actually say, "Well how much do you expect to get out of             
 that."  I think the number is big.                                            
                                                                               
 MR. ROGERS:  Bruce.                                                           
                                                                               
 MR. LUDWIG:  I wanted to address Judy's point that this is somewhat           
 of a waste of time in trying to come up costs.  I don't think we              
 ought to have a list and have it broken out like this, but I think            
 we owe it.  If we just say we're gonna cut $300 million or $250               
 million, hey that's a real easy thing to say and it could could or            
 could not be impossible to do that without - without a lot of                 
 defects.  But I think we owe it to whoever reads our report to at             
 least list examples that make that feasible number and if it is not           
 a feasible number, we shouldn't use it.  If we can't come up with             
 some ideas that generate that kind of savings, we got no business             
 (indisc. ) numbers the door.  So I mean if we get our list up and             
 it comes up to $100 million and we can't think of anything else               
 that's not going to kill some sector of the economy then it doesn't           
 do all (indisc.).  So I think it's a valuable exercise to go                  
 through and I think it's a valuable thing to include in the report.           
                                                                               
 MR. ROGERS:  Annalee.                                                         
                                                                               
 MS. MCCONNELL:  Would people feel comfortable if we had -- we have,           
 of course, an addition to this list we have narrative about - that            
 talks about many of the kinds of things that Lee and others have              
 been discussing recently the idea that we look at structural                  
 change.  We have a section that deals with a lot of the budget                
 process things that Judy has addressed in terms of outcomes phased.           
 Do people feel comfortable if we - just keeping in mind we've still           
 got that narrative stuff that goes into some of these areas in                
 having a list like this that could be titled, "General                        
 Recommendations For Budget Cuts," and grouped as those that we                
 think would produce in the name of - for the over $20 million,                
 those that produce in the $5 to $20 million and those that would              
 produce under $5 million and list these, not trying to be - not               
 trying to peg a dollar amount to each item but just categorize by             
 magnitude and then let that, and the text together reinforce how              
 strongly we feel that there needs to be substantial change in how             
 we approach this whole area of spending.                                      
                                                                               
 MR. ROGERS:  I think add to that a reference to the four scenarios            
 in - or the three scenarios with cuts in the original report.  That           
 gives people a flavor of what other options are out there.                    
                                                                               
 MS. BRADY:  And we have working papers that just lay all that out,            
 I mean there's 4 or 500 and $13 million dollars cut three ways.               
 We've got em right down by department.  If you want to go through             
 and look at em, that's fine.                                                  
                                                                               
 MR. ROGERS:  Georgianna.                                                      
                                                                               
 SENATOR LINCOLN:  Ya, I would agree that rather than to have this             
 as a separate page having generally specific budget cuts that some            
 of them aren't cuts as as I think our chairman pointed out that               
 they're cost avoiders, and I would rather see it in a narrative               
 form rather than that these are recommendations because there might           
 be -- there are some areas that I sure that some of us around this            
 table would not support and for the legislature to look at - at               
 some of the areas that we considered and that these should be                 
 serious considerations, but I think that since we don't have a                
 dollar figure and we certainly can't come with a $300 million that            
 we should just list some of those areas that we discussed that                
 should be there for consideration.  And having said that, it                  
 doesn't really fall under a budget cut but I think as savings....             
                                                                               
 TAPE 2, SIDE B                                                                
                                                                               
 SENATOR LINCOLN:  ....would save the state money if we contracted             
 out more than if the state undertook it themselves.  I really think           
 that's a large number.  I don't know whether I'd categorize it as             
 but I think it's - it could be a large number and would save the              
 state a great deal of money.  So I would like to have that included           
 somewhere in the narrative.                                                   
                                                                               
 MR. ROGERS:  There was some discussion on that one of allowing the            
 people who are currently doing the work to bid as well to see if              
 they can do it more efficiently than the state rules currently, you           
 know, allow them.  My sense is, and that's in the narrative.  Is              
 that consistent with your - with that proposal?                               
                                                                               
 SENATOR LINCOLN:  I need to look at that narrative again.  I don't            
 know - but that's generally (indisc.).                                        
                                                                               
 MR. ROGERS:  Is there any objection?  Hearing none, it's adopted.             
                                                                               
 REPRESENTATIVE PARNELL:  Ya..                                                 
                                                                               
 MR. ROGERS:  Oh, you're objecting to privatization?                           
                                                                               
 REPRESENTATIVE PARNELL:  No I was objecting -- I thought you were             
 talking about Georgianna's idea about using a narrative versus just           
 listing things out.  I guess I didn't understand the motion you               
 we're (indisc.)                                                               
                                                                               
 MR. ROGERS:  O.K., the question is whether to increase                        
 privatization contracting out opportunities within state                      
 government.                                                                   
                                                                               
 MS. NORDALE:  (Indisc.) privatize as many state services as                   
 possible rather than - rather awkward language contracting out.               
                                                                               
 SENATOR LINCOLN:  Well I the contract slash privatization.                    
                                                                               
 MR. ROGERS:  Mike.                                                            
                                                                               
 REPRESENTATIVE NAVARRE:  Are we gonna also put in a recommendation            
 that the legislature go to a full-time legislature until these                
 tasks are done because, you know, it's legitimate duty and I share            
 your frustration with the amount of information but take the                  
 discussion that's gone on here and then do it with the legislature,           
 first in subcommittee, then in full committee, then in caucus, then           
 on the floor and then you go through it a hundred times because               
 many people don't pay attention.  And then besides that you get               
 information and then new information and then, I mean you get - as            
 much paperwork we've got here we get that much on each department             
 potentially.  It's such a huge task.  It would be much easier if              
 the legislature took one or two departments each year for five                
 years and just completely run through them.                                   
                                                                               
 MR. ROGERS:  Judy.                                                            
                                                                               
 REPRESENTATIVE NAVARRE:  I mean it's frustrating...                           
                                                                               
 MR. ROGERS:  Sorry.                                                           
                                                                               
 REPRESENTATIVE NAVARRE:  ...because we keep hearing about                     
 (indisc.).                                                                    
                                                                               
 MS. BRADY:  I think that's a good recommendation.  I absolutely               
 believe that.  I absolutely, you know, just - just in a short time            
 I was in government what I found out is there is too many things              
 going on.  You just simply cannot focus to change things easily.              
 I mean you really have to decide you're gonna focus in on                     
 something.  I think maybe taking a department a year would be an              
 enormous -- would be very interesting to do and take it apart, put            
 it back together, and have special task forces.  The whole idea is            
 that you don't get to add see the whole idea is how are we gonna do           
 this.  Commissioners would love to be able to do that but, you                
 know, they can't even get around -- they haven't got any time to              
 get around the union contracts so they just let go and try to add             
 enough people just to make it work, and this is not -- I mean this            
 is nothing against unions.  This is just saying what's in place               
 it's just so hard to get around and so it's just easier to kinda              
 add on top.  So the whole thing is frustrating.  I like some of the           
 things I think Hugh said.  I like the three things Lee said.  I               
 like the privatization thing.  I mean kinda general things like               
 that that need to be worked on.  I like the idea of the legislature           
 taking a look at what -- taking focusing on one department a year.            
                                                                               
 SENATOR LINCOLN:  It'd take us two years to decide.                           
                                                                               
 MS. BRADY:  But I mean that would be a very exciting way to do                
 business.  I mean everybody would tap out but it would, you know.             
                                                                               
 SENATOR LINCOLN:  We're talking reality you know.                             
                                                                               
 MS. BRADY:  Well what's the matter with that?                                 
                                                                               
 MS. MCCONNELL:  I'll bet there's a lot of good meat for (indisc.)             
 here.  I'm actually starting to get charged up about going ahead              
 and doing some these things.                                                  
                                                                               
 MR. ROGERS:  And so she's the one that has to.                                
                                                                               
 MS. MCCONNELL:  And I have to start tomorrow at 8:00 a.m.                     
                                                                               
 UNIDENTIFIED SPEAKER (Male):  Annalee, Mack the Knife.                        
                                                                               
 MR. ROGERS:  Where I'd like to go in the last two hours we've got             
 here is I'd like to get a vote on the package in the three year and           
 the longer term, and then I'd like to go over the two page summary            
 because I think that's what we need to focus on or the governor and           
 the legislature - legislative leadership tomorrow so let me first             
 look at the package as...                                                     
                                                                               
 MR. GORSUCH:  (Indisc.) remains before the two hour time limit.               
 Can I just ask...                                                             
                                                                               
 MR. ROGERS:  Not if you're gonna take the whole file.                         
                                                                               
 MR. GORSUCH:  Did we do anything with the Longevity Bonus Program?            
                                                                               
 MR. ROGERS:  We have a recommendation that if the lawsuit against             
 the ALB phase out is successful that the program should terminate.            
                                                                               
                                                                               
 MR. GORSUCH:  Could we also consider the possibility that we at               
 least use the Alaska median income as the cutoff or threshold for             
 continued eligibility?                                                        
                                                                               
 MR. ROGERS:  I think there are -- we operated - when we were going            
 through these spending cuts, we operated under a close to consensus           
 model and I know that there are at least -- and things came off if            
 there were at least two objections and there are at least two                 
 objections on the commission to that.                                         
                                                                               
 MS. BRADY:  Well lets try and get those three things on that we               
 talked about then.  Is there any objection to those three things.             
                                                                               
 MR. ROGERS:  What were they restated?                                         
                                                                               
 UNIDENTIFIED SPEAKER (Female):  Education.                                    
                                                                               
 MR. GORSUCH:  One was doing this indexing as it relates to                    
 compensation and (indisc.).                                                   
                                                                               
 MR. ROGERS:  That was Hugh's -- we already had that.  That was                
 Hugh's (indisc.).                                                             
                                                                               
 MS. BRADY:  O.K., what's the second -- the second one was -                   
 Anchorage.  In Anchorage you know...                                          
                                                                               
 MR. O'CONNOR:  Education, Corrections...                                      
                                                                               
 MR. GORSUCH:  Corrections was...                                              
                                                                               
 MR. ROGERS:  Reducing mandatory minimum sentences.  Are there                 
 objections to reducing mandatory minimum sentences?                           
                                                                               
 MS. MCCONNELL:  What about doing the same sort of thing we had in             
 education?  Slow the growth of - I mean slow the growth of                    
 Corrections which could include that and other possibilities.                 
 Would that be acceptable.  That's too vague?                                  
                                                                               
 MR. ROGERS:  That's too vague.  When you're dealing with                      
 Corrections, there's only one way to slow the growth and I know               
 there are two ways, one is have fewer prisoners and the other is              
 (indisc.) as long.                                                            
                                                                               
 MS. NORDALE:  Well we've got two branches of government too and the           
 sentencing comes out of the Judicial.                                         
                                                                               
 SENATOR LINCOLN:  But Mr. Chairman, I think we heard from, you                
 know, Art Snowden that said if you want to stop the growth in                 
 prisons, if you want to stop the bottle necking in the court                  
 systems, the four priorities - alcohol, alcohol, alcohol, alcohol.            
 So...                                                                         
                                                                               
 MR. ROGERS:  But the motion to ban alcohol in Alaska failed.                  
                                                                               
 SENATOR LINCOLN:  Well I think there is other ways to address it              
 other than to do that.                                                        
                                                                               
 MR. GORSUCH:  And to ignore the cost associated with with locking             
 people up at $35,000 a year in contrast to other alternative                  
 sentencing options and our alternative sentencing is sticking our             
 head in the sands even if we can get those costs down by indexing.            
                                                                               
 MS. BRADY:  Yup.                                                              
                                                                               
 MR. GORSUCH:  Or locking up misdemeanants, I mean...                          
                                                                               
 MS. BRADY:  I like the idea if we could buy -- no, I'm sorry.                 
                                                                               
 MR. ROGERS:  I think Hugh was next and then Judy.                             
                                                                               
 MR. GORSUCH:  There are objections to anything on the longevity               
 bonus?  Millionaires are still eligible for the longevity bonus?              
                                                                               
 MS. NORDALE:  No, the program would terminate.                                
                                                                               
 MR. MOTLEY:  I don't know, I'm just asking whether or not in                  
 addition to the legal challenge, if it fails, that we're still                
 opposed to bumping millionaires off the Longevity Bonus Program.              
                                                                               
 MS. BRADY:  I would vote to do away altogether right now.                     
                                                                               
 MR. O'CONNOR:  That was part of the legal problem though was it?              
                                                                               
 MR. ROGERS:  Lee's suggestion is that longevity bonus be cutoff at            
 the Alaska median income, whatever that is.                                   
                                                                               
 MR. LUDWIG:  Regardless of the outcome of the court case?                     
                                                                               
 MR. GORSUCH:  I started at millionaire and moved my way down, but             
 I'd like to use -- I mean if there was support for median I'd like            
 -- but it just seems to me...                                                 
 MR. ROGERS:  Is there opposition to cutting off longevity bonus at            
 people making more than the median.                                           
                                                                               
 UNIDENTIFIED SPEAKER:  Yes.                                                   
                                                                               
 MR. ROGERS:  Sean, Steve, Mary.                                               
                                                                               
 MS. BRADY:  Try again to get rid of it altogether.                            
                                                                               
 MR. GORSUCH:  How about at over a million?                                    
                                                                               
 MS. NORDALE:  Because I think, you know if you do something like              
 that, you perpetuate this.                                                    
                                                                               
 UNIDENTIFIED SPEAKER (Male):  That's right.                                   
                                                                               
 MS. NORDALE:  And you want to help poor people.                               
                                                                               
 MS. BRADY:  Oh, that's right.                                                 
                                                                               
 MR. GORSUCH:  Could I ask for a vote of over $1 million.                      
                                                                               
 MR. ROGERS:  O.K.                                                             
                                                                               
 MR. LUDWIG:  Why don't you reverse it Lee and ask how many want to            
 continue it beyond the median income because I think - I think a              
 couple would fall off the vote.                                               
                                                                               
 UNIDENTIFIED SPEAKER (Male):  What's that?                                    
                                                                               
 MR. LUDWIG:  He's asking who wants to cut it above the median.  I             
 said change it so who wants to continue it above the median.                  
                                                                               
 UNIDENTIFIED SPEAKER (Male):  Why don't we double it and go back to           
 the old program and then the public will know that if we can't                
 afford it, maybe we'll see some change it would eliminate.                    
                                                                               
 UNIDENTIFIED SPEAKER (Male):  Thirty seconds left.                            
                                                                               
 MS. NORDALE:  I think there are recommendations (indisc.).                    
                                                                               
 SENATOR LINCOLN:  Are you asking for the question of who wants to             
 eliminate it?                                                                 
                                                                               
 MR. ROGERS:  We didn't hear a motion.                                         
                                                                               
 MS. BRADY:  I move.                                                           
                                                                               
 MR. ROGERS:  O.K., the motion has been made to recommend                      
 elimination of the Longevity Bonus Program.  Is there objections,             
 please raise you hand.  We've got four objections.                            
                                                                               
 REPRESENTATIVE PARNELL:  That's why we all came to this conclusion            
 yesterday about eliminating it if the court case is successful.               
                                                                               
 MR. ROGERS:  We're counting on the court to fix it for us.  Lets              
 look at the three year, five year, ten year plan as laid out in the           
 endowment scenario projection.  Steve, you want the floor?  The               
 plan as laid out now for the three year period balancing in FY 00             
 endowment with a mix of taxes and cuts.  Are you ready to vote for            
 or against it?                                                                
                                                                               
 MS. BRADY:  Can I just ask technically -- when we say three years             
 does that - give me the year from when to when.                               
                                                                               
 MR. ROGERS:  Well the legislature -- the legislation says three               
 year plan.  I guess my sense is this is really a four year plan to            
 budget, to balance and the decision for income tax comes - is                 
 immediately following that period.                                            
                                                                               
 MS. BRADY:  I know but are we saying - that's why I'm asking - are            
 we saying...                                                                  
                                                                               
 MR. ROGERS:  So it's really most of the -- all of the decisions are           
 made in the first two years.                                                  
                                                                               
 SENATOR LINCOLN:  What's the three years she's asking, 96, 97, 98?            
                                                                               
 MR. ROGERS:  No, 96 is already done.  It's 97, 98 and 99.  It's               
 through the end of 99 which is through the $100 million nominal,              
 $300 million real budget cut.  It's through the imposition of the             
 taxes.                                                                        
                                                                               
 MR. POURCHOT:  Why have we highlighted or drawn A box in around 98            
 and 00.  I guess I've been focused on the wrong...                            
                                                                               
 MR. ROGERS:  The box has been -- I don't know, it was there.                  
                                                                               
 MS. MCCONNELL:  Because we felt that was there...                             
                                                                               
 MR. LUDWIG:  I thought it was on the spreadsheet.                             
 NOTE:  Indiscernible, everybody talking at once.                              
                                                                               
 UNIDENTIFIED SPEAKER (Male):  The commission can't even count.                
                                                                               
 MS. MCCONNELL:  The commission was put in place -- the commission             
 was put in place before FY 96 started so we thought, "we" meaning             
 OMB, we thought that the three years we were -- three, five and ten           
 years were 98, FY 98, FY 00 and FY 05.  That's the reason why those           
 that are high - or have the boxes.  It doesn't really matter in               
 terms of...                                                                   
                                                                               
 MR. POURCHOT:  It matters a little bit because when we were talking           
 about balancing, I mean it's strictly esthetics maybe but I guess             
 I was focused on balancing within our stated time frames.                     
                                                                               
 MS. MCCONNELL:  Right, this would be (indisc.) in the fifth year.             
                                                                               
 SENATOR LINCOLN:  But the fifth year being 00.                                
                                                                               
 MR. POURCHOT:  Not - no it wouldn't.  Now it's 01 and we're not               
 balanced.                                                                     
                                                                               
 SENATOR LINCOLN:  I, Mr. Chairman, I too have been thinking that              
 the three year is 96, 97 and 98, and the fifth is 00 and I think              
 that if we can agree upon it we should just go with that because...           
                                                                               
 MR. ROGERS:  Rather than -- I think we could avoid about another              
 ten minutes of debate is - is the plan, the actions in the plan               
 that we're - we have laid out take place in 97, 98 and 99.  There             
 is a minor action in 00 and then a major action in 01, and rather             
 than speak to three, five or seven, perhaps we should speak to our            
 plan for 97, 98 and 99 and 00 as being the base level plan because            
 it effectively - those are the years in which the major elements of           
 the plan, with the exception of the income tax, come into play and            
 we ought to talk about our plan for those four years and avoid the            
 arguments to which is three and which is four.  Is that acceptable?           
                                                                               
 MR. GORSUCH:  No, I object.                                                   
                                                                               
 MR. ROGERS:  O.K.                                                             
                                                                               
 MR. GORSUCH:  Five is five.                                                   
                                                                               
 MS. BRADY:  What now.                                                         
                                                                               
 MR. GORSUCH:  01 is the fifth fiscal year.                                    
                                                                               
 MR. ROGERS:  01 is the fifth fiscal year from now but by - but it's           
 the sixth fiscal year showing on our spreadsheet and I think people           
 have a terrible problem with deciding which is five and which is              
 five.                                                                         
                                                                               
 SENATOR LINCOLN:  The only problem I have is exactly what Pat said            
 is that I was looking at in the fifth year, we should be at zero              
 and that's what I thought we were trying to come to this morning is           
 balancing that at fifth year.  That's the only problem I have.  I             
 just want to see it zero on...                                                
                                                                               
 MR. POURCHOT:  Then what's the ten year because our ten year is not           
 05 then our ten year in your count is 06.                                     
                                                                               
 SENATOR LINCOLN:  Right.                                                      
                                                                               
 MR. POURCHOT:  And we haven't been taking 06 seriously until just             
 now.                                                                          
 MR. LUDWIG:  We just got a problem with 06 because (indisc.) it's             
 a plus.                                                                       
                                                                               
 MR. ROGERS:  Take a five minute break.  We've got a $2 million off            
 01.                                                                           
                                                                               
 MR. ROGERS:  Let me try phrasing the question another way.  The               
 actions - the actions required in the 1996, 1997 and 1998 sessions,           
 which are the actions that are the three years that I've conceived            
 of as being the - the period.  That would be a 99 - FY 99 impact.             
 All of the budget cuts are made in that three year period.  I hear            
 some people wanting to count the actions of the 95 session, the one           
 that's already completed, as being the first year of the plan.                
 Should we vote on which year is the first year of the plan as to              
 whether the first year of the plan is to 1995 session or the 1996             
 session.                                                                      
                                                                               
 UNIDENTIFIED SPEAKER (Male):  I think the confusion comes in FY               
 calendar year.                                                                
                                                                               
 MR. POURCHOT:  Calendar and fiscal year.                                      
                                                                               
 MS. NORDALE:  Well the first year of the plan would be fiscal 96              
 even though it gives us the 96 session of the legislature in which            
 to begin the process.                                                         
                                                                               
 MR. ROGERS:  But during fiscal 96 none of the actions of the plan             
 were place.                                                                   
                                                                               
 MS. NORDALE:  That's right but it's just...                                   
                                                                               
 MR. POURCHOT:  But they accrued...                                            
                                                                               
 MR. ROGERS:  So our plan is to do nothing in the first year of the            
 plan.                                                                         
                                                                               
 MS. BRADY:  No, you can't.  The problem though is that your                   
 legislature meets (indisc.)...                                                
                                                                               
 MR. POURCHOT:  There's actions taken into this fiscal year 96.                
                                                                               
 NOTE:  Indiscernible, everybody talking at once.                              
                                                                               
 MS. MCCONNELL:  Although we we're asked to look at plan for three,            
 five and ten years, there was no place in the resolution where we             
 were told in what year, between now and the tenth year, to have the           
 balance.  And I think we have two separate conversations going on.            
 We -- I felt that there was - we were so close to balancing in FY             
 00.  I thought there was some physiological value.  It's an                   
 additional pressure to say lets bring -- lets start the century               
 fresh.  I don't think it matters whether that's happening in your             
 four, five, two, one or twenty in that sense.  I think that was               
 separate conversation in my mind.  I don't care which three we                
 pick.  I think the important thing is within the first five years             
 we have brought the budget into balance and we have recommended all           
 the steps that are necessary to do that, and it really -- we could            
 take off the highlighting and then people can decide which year               
 they want to count as three and five, but we have shown every                 
 single year along the way.  So I think we've more than covered our            
 obligation in that respect.                                                   
                                                                               
 MR. GORSUCH:  Does it solve it to simply say, "Legislative                    
 96/fiscal 97?"                                                                
                                                                               
 MR. ROGERS:  If we speak to -- maybe the thing is that there are              
 certain actions that can be taken in the 96 session, some in the 97           
 session and some in the 98 session.  To see where the impacts of              
 those decisions are, they're always in the following fiscal year,             
 but if we couch our presentation as what are the actions - the                
 actions that need to be taken in the next three legislative                   
 session, the actions that need to be taken in the next five, the              
 actions in the next ten.  On the issue of the actions that need to            
 be taken in the next three legislative sessions, which are the 100            
 -- the 40, 30, 30 in nominal budget cuts; the reduction of the                
 dividend from $565 to $415; the passage of the constitutional                 
 amendment for the endowment plan; and increase permanent fund                 
 deposit and the elimination of the CBR sweep; and conversion of CBR           
 to revenues; and the deposit of the permanent fund earnings reserve           
 to the permanent fund; and the adoption of the sin consumption and            
 business taxes in that package of three years.  Are you ready to              
 vote on that package?                                                         
                                                                               
 UNIDENTIFIED SPEAKER (Male):  I'm ready.                                      
                                                                               
 MR. ROGERS:  Mike.                                                            
                                                                               
 REPRESENTATIVE NAVARRE:  Isn't it a 40, 30, 80 now?                           
                                                                               
 MR. ROGERS:  In nominal dollars, it's a $40 million cut, a $30                
 million and a $30 million.  In real dollars, it is a $111 million,            
 a $212 and a $309 million cut.                                                
                                                                               
 REPRESENTATIVE NAVARRE:  I thought that there was agreement to make           
 up the deficit...                                                             
                                                                               
 MR. ROGERS:  In the fourth legislative session which is the                   
 legislative session in which the FY 00 budget, we force the balance           
 by not allowing full growth at inflation and half of population.              
 Pat.                                                                          
                                                                               
 MR. POURCHOT:  I want to make two comments, one philosophical that            
 in the first three years these actions, when measured against one             
 of these principles of regressivity or progressivity, I think it's            
 important to recognize that I would say on the balance of these               
 things these actions would fall, I would say largely in the                   
 regressive category just in terms of taxation, in terms of                    
 permanent fund dividend taking away and knowing a little bit about            
 the budget that level of budget cuts undoubtedly get regressive               
 also, just in the nature of how they're taken and where they're               
 taken.  That's kind of overlying philosophical concern of mine.               
 The second and I guess I may have missed something, I don't                   
 remember.  Was there a vote on the 40, 30, 30 or was that just                
 built into the plan and that's an assumption?                                 
                                                                               
 MR. ROGERS:  There was on Thursday night.                                     
                                                                               
 MR. POURCHOT:  O.K.                                                           
                                                                               
 MR. ROGERS:  If people like to return and re-vote on it...                    
                                                                               
 MR. POURCHOT:  I don't necessarily want to re-vote it and maybe I'd           
 just like to stick up for Annalee's job here a little bit.  For               
 people who have gone through this process, and there are lots of              
 people around this table who have, this -- not even getting into              
 these very valid argument about real versus nominal, these are huge           
 cuts, huge cuts to make, painful cuts.  They'll get right into the            
 things that most people around this table think are good ways of              
 spending government money.  I just - I worry that it's on the verge           
 of unreality to talk particularly in year three of compounding                
 those - that level of nominal cuts.  We've gone a long way from               
 flat, hold the budget flat which is painful enough.  I mean I                 
 wouldn't say -- I wouldn't stand to argue that you can't make more            
 nominal cuts in year one particularly.  But year two year three,              
 those are major significant very hard cuts to make.                           
                                                                               
 MR. ROGERS:  Pat, I share your concern.  I think that when we                 
 consider the impacts of the federal transfers to State of Alaska              
 that these are very severe budget cuts and I think they will                  
 disproportionately fall on lower income Alaskans, but I think it's            
 part of a package that designed to provide for future generations             
 that this level of reduction is necessary to balance the present              
 needs against the future needs.  I think that each of us have areas           
 that we don't like about this and really the question is whether              
 the package spreads - spreads the pain perhaps equally, whether the           
 balance is there between the tools.  I think when we were charged             
 as a commission with coming up with this, the list of tools that we           
 put together was floating around in various people's minds and we             
 were asked to balance those (indisc.), and I think really the                 
 question in adopting the plan for the next three legislative                  
 sessions is, "Is this a fair balance among the tools?"  Mike.                 
                                                                               
 REPRESENTATIVE NAVARRE:  Just getting back to the question on                 
 what's supposed to be implemented by the legislature in the next              
 calendar year.  I think we should make sure we state it                       
 specifically in the report because the legislature might get it but           
 the public will miss it if we say -- there will be a confusion                
 between 96 and 97.                                                            
                                                                               
 MR. ROGERS:  Annalee had a first year report card that we might put           
 forward that would - that listed the major elements that would need           
 to be adopted in that first year.  The first year would include at            
 least 40 million nominal dollars cut from the budget, $50 million             
 cut from permanent fund dividends, imposition of alcohol and                  
 tobacco taxes, imposition of highway and marine motor fuel tax, the           
 passage of the constitutional amendment for an - the endowment and            
 payout rate from the permanent fund and the increase from 25 to 50            
 percent, and the deposit of the CBR excess of a billion five from             
 the the permanent fund earnings reserve - the last one being                  
 contingent on adoption of the amendment.  Those be the key pieces             
 that would be required.                                                       
                                                                               
 MS. WESTFALL:  Be done in 97.                                                 
                                                                               
 MR. ROGERS:  In the 96 session.                                               
                                                                               
 REPRESENTATIVE NAVARRE:  The endowment has to be done this session?           
                                                                               
 CHAIRMAN ROGERS:  Yes.                                                        
                                                                               
 MS. MCCONNELL:  And I can update -- I didn't update that one last             
 night but I would update both that first year, which was split into           
 legislative action and budget action to clarify bills like the                
 retirement incentive bills.  And then I just got started on the               
 second year report card but I could do the same thing and run                 
 through all the elements for the second year - second session I               
 guess I should call it.  How about progress report?                           
                                                                               
 MR. ROGERS:  Lee.                                                             
                                                                               
 MR. GORSUCH:  I think we're really close where I have the sense of            
 the package is gonna go.  Just again, try to emphasize that while             
 on one hand, it may be necessary to try to squeeze the cuts earlier           
 rather than to have them phased over a longer period of time.  If             
 we run through the fiscal year 2000, we're gonna take - and again             
 I apologize for insisting on using real dollars - we're gonna take            
 $300 million out of spending cuts.  We're gonna take $200 million             
 out of the dividend and we're gonna take - we're gonna raise $200             
 million in terms of taxes.  So it's a 300 - 200...                            
                                                                               
 CHAIRMAN ROGERS:  It's 150 out of dividends.                                  
                                                                               
 MR. GORSUCH:  Pardon.                                                         
                                                                               
 CHAIRMAN ROGERS:  150...                                                      
                                                                               
 MR. GORSUCH:  It's 200 real out there                                         
                                                                               
 UNIDENTIFIED SPEAKER (Male):  Using real dollars.                             
 MR. GORSUCH:  Sorry Mr. Chairman.                                             
                                                                               
 MR. GORSUCH:  And again what that means is a 6 percent real                   
 reduction to the general fund budget each year.  My only anxieties            
 about that is I'm not opposed to the idea as Judy saying "Going               
 after the systemic changes."  But in that first year you don't get            
 systemic changes.  That's the first year which you get the                    
 enactment.  You put it in place.  Now if we go after some of these            
 indexing things, we might be able to come up with something, but I            
 have no idea if those would - if those would fly.  But if not, then           
 I know pretty well what's gonna happen and the only way they're               
 gonna be able to achieve that is to start doing more across the               
 board cuts irrespective of the legitimate or illegitimate causes              
 they could debate.  Not uniformly but to some extent that's the               
 only way they would ever achieve that level of a - of a reduction.            
 You know I'm a - I'm willing to to go but I just think this is a              
 enormous and I would feel much more comfortable with this as the              
 target out in 2002, but it may well be that the advice we've gotten           
 is you can't get there if you don't step up to this and people feel           
 the pain associated with the reduced services and the importance of           
 doing the systemic reforms.  But we've not seen anything like this            
 to date, and try to do it on back to back years is gonna be                   
 extremely difficult.                                                          
                                                                               
 MR. ROGERS:  Mike Navarre.                                                    
                                                                               
 REPRESENTATIVE NAVARRE:  Judy (indisc.) ya I think I'm -- yesterday           
 I was real comfortable.  Today I'm luke warm on supporting the                
 package, mostly because I'm not sure that the spending cuts could             
 be achieved even though I'm willing to try.  So I still think that            
 we ought to put some narrative in that says if the spending cuts              
 aren't achieved, then it may mean that the income tax has to be               
 moved up because then it acts as a pressure to help force those               
 cuts, and I also think in looking at the recommendation, which is             
 cut permanent fund dividends, create a draw off the permanent fund            
 and raise taxes along with what is - will be viewed by a lot of               
 people as a minor cut in the budget even though it is a huge cut in           
 the budget that anybody is gonna believe it that this a very                  
 conservative measure.  I mean I worried to death that people are              
 gonna say, "Gosh, all they did is recommend spending, spending,               
 spending," and that's not the case at all.                                    
                                                                               
 MR. ROGERS:  Judy, Annalee.                                                   
                                                                               
 MS. BRADY:  Well we're all gonna be (indisc.) a lot I guess for               
 different reasons, and you know the idea of putting some money back           
 on the table (indisc.) and probably that's what the legislature               
 will do because that's (indisc.).  If we're gonna have change in              
 this state, it is gonna have to be the legislature looking at one             
 department a year or the governor's office actually focusing on               
 one.  We're saying we cannot come back with raises, you know, so              
 whatever it is if we don't get that, nothing is going to hold this.           
 Nothing is going to hold this and, you know, we all argue about --            
 and those of us who - who have feeling about income tax, at least             
 for myself, it's not that I'm not willing to pay.  I am willing to            
 pay.  I am not willing to pay for the kind of appropriations list             
 I see now and - so that you - so that legislature doesn't have to             
 cut.  I just -- but I am -- but but if there is vote that there is            
 change to work with and show and help and bring things into line              
 just a little bit, hey I'll pay.  You know I don't -- and I think             
 that's all the general public is saying is, "O.K., sure we'll pay."           
 You guys have just gotta do something - some change here.  And so             
 I think besides this, that's why I was saying that besides this we            
 just have to say there has to be some different way of doing it and           
 I really did like that recommendation about doing one -- do the               
 main four that take the biggest - take the -- and how you decide              
 which one comes first is the one that's got the biggest budget goes           
 first.  The one that's got the next biggest budget goes second and            
 you spend the whole year looking at it coming up with                         
 recommendations.  I mean I think that would go a long ways to four            
 years we'd have four departments with real tough...                           
                                                                               
 SENATOR LINCOLN:  Doesn't necessarily mean that's where the waste             
 is just because they have a bigger budget.                                    
                                                                               
 MS. BRADY:  No, I'm not talking about waste.  I'm talking about a             
 way of systemic changes that would - that would - that would maybe            
 even change what you're trying to accomplish and how you accomplish           
 it.                                                                           
                                                                               
 MR. ROGERS:  Annalee.                                                         
                                                                               
 MS. MCCONNELL:  I think it's pretty natural that as we get right              
 down to the moment of trying to vote that - that all of us start to           
 see again the things that we'd hoped to have come out of this that            
 may not be in the - in the final plan or maybe not at the time we             
 wanted or in the volume we wanted or whatever.  I would like to               
 really encourage us to come out with, if we possibly can, a                   
 unanimous report for a couple of reasons, one of which is that                
 there have been, as was acknowledged in the original resolution,              
 half a dozen or 15 or whatever of these various summits an how ever           
 many legislative sessions since people first realized that there              
 was going to be a fiscal gap and none of those have been able to              
 come to the point of getting an agreement about what a plan could             
 be.  And it seems to me that this is the best shot that's gonna               
 happen for doing and even though all of us, I don't think there is            
 probably a single one of us that doesn't have some substantial                
 reservation about at least one, if not more than one, element in              
 the plan.  I think as we pointed out in one of our earlier meetings           
 the only thing that's truly disastrous is if we can't - we get                
 paralyzed and can't do anything as a state.  And I think having a             
 unanimous report or recommendation, even if there are some                    
 additional points people want to make, will go a long way toward              
 advancing that conversation.  It has to happen in the state and the           
 (indisc.) may have some slight modifications but this is a shot               
 that's not gonna come to many other times.  Certainly none of us              
 are gonna have the energy to go through it again next year so - I             
 don't think anybody will.  So I think every -- you know there has             
 been a tremendous amount of contribution from people, including               
 people who sit out in the audience who aren't even listed on the -            
 as members of the commission who have really put in a extraordinary           
 amount of time and energy and effort throughout this whole process.           
 And I think the final plan does have at least something that                  
 everybody brought to the table at one time or another that changed            
 our thinking or added something - some improvement.  So I hope that           
 we could come out with a unanimous report.                                    
                                                                               
 MR. ROGERS:  Georgianna.                                                      
                                                                               
 SENATOR LINCOLN:  Well Mr. Chairman, I think for us to think that             
 we're gonna come out with a unanimous decision around this table,             
 I don't believe that's going to happen but I think that it is -- I            
 believe that the vast majority of folks around this table will say            
 yes, that this is a report that should go forward and I'd be                  
 satisfied with that.  I would be nice to have unanimous but I never           
 thought we would ever get to a unanimous.  It was this great big              
 chunks in here of a dividend, the spending cuts, the tax portion of           
 it, an endowment, that those are big chunks that some of us feel              
 really close to is a lot of little pieces in here that when I get             
 to the other end, I might bring up as a concern that I have.  I               
 intend to vote for this because I think everybody had an                      
 opportunity to have their say.  I think that the voting was fair.             
 I believe that when we first started, and I think it Hugh that said           
 spending taxes and dividends, you know, that we all need to see a             
 proportionately cut.  Granted that it going to be difficult to come           
 up with those cuts but I think it's going to force the legislature            
 totally to look at how we do business.  I believe that the taxes,             
 I'd like to see the income tax moved forward.  However, I think               
 that by us putting in the kicker that at the (indisc.--coughing)              
 where the scenario grows negative, then you have a two year prior             
 to that.  I'm satisfied with that.  Dividends, I'm satisfied that             
 we're going to have a program here that Bruce's grandchildren will            
 be proud of - that we're going to have something for the                      
 grandchildren and the great grandchildren and that we're going to             
 look at it again in 99 or 01, whichever the case might be, to take            
 another look at it.  I also don't believe, and I hope -- or I don't           
 think anyone around this table is foolish enough to think that this           
 is going to have a big stamp of approval on it by Administration or           
 the legislature.  It's just not going to happen so we -- I'll feel            
 - and I have some more suggestions that I want to make not to the             
 three year plan or the five year, but just some of the narrative              
 language change.  When I leave here I'll feel good about answering            
 questions from the general public.  I fell that there was good                
 input around here, that there was a good cross section of folks.              
 Maybe I would a liked it a little bit different but I can vote for            
 it and hold my head up.                                                       
 MR. ROGERS:  Lee.                                                             
                                                                               
 MR. GORSUCH:  Mr. Chairman, I think we've done an enormous amount             
 of work.  Let me just sort of try to check off what I see as the              
 major accomplishments of what's in front of us.                               
                                                                               
 MR. ROGERS:  Can ask you if wait to check off the major                       
 accomplishments to see we in fact have a support for this                     
 because...                                                                    
                                                                               
 MR. GORSUCH:  I believe it's an argument in support - I'd like to             
 make in support of the plan.                                                  
                                                                               
 MR. ROGERS:  O.K.                                                             
                                                                               
 MR. GORSUCH:  The first is the public has always been concerned               
 that the legislature has slush funds, there is cash around.  There            
 really isn't much discipline in the use of the so called cash                 
 reserves.  We have two different cash reserves accounts, lots of              
 confusion.  We've straightened out the idea of the cash reserves              
 issues and we've even come up with some suggestions as to how to              
 change the constitutional budget reserve problem.  Those are two              
 major accomplishments.  We were asked to do that and I think we               
 have solutions to them.  You know secondly, there is this concern             
 about the instability associated with, you know, fluctuating oil              
 prices.  I think the plan we now have has a significant quality of            
 improving the so called instability of the oil price commodity by             
 having a specific reserve fund with rules for its access that                 
 brings that sort of smooth stability.  There were concerns about              
 whether or not the earnings reserve wasn't simply a slush fund to             
 be accessed by the legislature whenever really hard times came.               
 We've solved the earnings reserve account by going to the endowment           
 (indisc.) approach.  There was concern about the fact that                    
 inflation proofing would come by legislative prerogative after                
 dividends are paid rather than before.  We've solved the inflation            
 proofing question by building inflation into the - into the - into            
 the payout rules of the endowment fund.  It is now inflation proof.           
 There was some concern, although we may have some variances on the            
 commission about the importance of compensating for declining oil             
 production.  If you support that position we in fact have also                
 accomplished that objective by allowing the fund to grow through              
 some retained earnings.  There was a general public concern that              
 Alaska, if in fact we had another oil boom, would go crazy again.             
 We'd repeat the same experience we had the last time because we               
 didn't change any of the spending rules.  We have now change the              
 royalty rules where half of all royalties, rents and bonuses must             
 go into the Alaska permanent fund and only half of it is available            
 for appropriation.  There has been some concern about the fact that           
 spending is running out, you know out of control.  We've come up              
 with some very specific recommendations about how we think could do           
 some structural change on the state budget.  I've shared my own               
 reservations.  All of you have other concerns and reflections on              
 that, but nonetheless, state funding under our plan is coming down            
 very significantly under real terms, however, to the extent that              
 some people think it's coming down too fast.  Others may think it             
 coming down too slow.  That's up for discussion.  Every legislative           
 session can decide where they want to cut more, whether they want             
 to take some additional funds out of dividends, or where they want            
 to tax to make up the difference.  People have talked about the               
 income tax as being a fair reasonable way.  We've set up now a plan           
 whereby it can be triggered by a mechanism when you go deficit.  If           
 you don't want to go deficit, you have three alternatives.  You can           
 cut the budget further, you can raise some other taxes or you can             
 take away some of the dividend fund.  We've left open that whole              
 political process to set priorities on a year to year basis without           
 necessarily triggering the income tax.  Another important issue               
 that I think has generally been sentiment is that we had to come up           
 with some redefined role of the permanent fund and it's growing               
 role in terms of the state budget.  We have clearly defined that              
 one of the functions of the permanent fund is to be a contribution            
 to support essential services of state government, another very               
 important accomplishment that this plan recommends.  And finally I            
 think most importantly is we've asked that the public have an                 
 opportunity to have a voice in the fiscal plan.  By our coming                
 forward with the endowment plan that has two important                        
 constitutional amendment to it, one to correct the constitutional             
 budget reserve problem and redefine the role of the reserves; and             
 secondly, to establish the permanent fund and to ensure that's                
 inflation proof and have a stable pay out.  The voters are entitled           
 to vote on the question.  If it's a bad idea, if they disagree with           
 it, they get a chance at the ballot box to decide whether this a              
 good plan or not.  I think we've accomplished an enormous amount              
 through this and if we're out of sync with the public, they have a            
 chance to vote that down.  So I think from my list as I go through            
 it even though I have differences on any one of these items, we've            
 done an enormous amount of work and if we could get even half of              
 those accomplished through legislative action or voter approval, we           
 have done a great service to the state of Alaska.  I urge support,            
 unanimous support of the plan even though we all have significant             
 individual differences.  The core structure of it allows us to                
 continue to carry on that debate inside the legislature, but what             
 it does do is give the voters a chance to decide on its main                  
 linchpin and that is the appropriate role of the permanent fund.              
                                                                               
 MR. ROGERS:  Are you ready to vote?  Mike.                                    
                                                                               
 REPRESENTATIVE NAVARRE:  I'm not sure that we're gonna be able to             
 achieve the dividend reduction....                                            
                                                                               
 TAPE 3, SIDE A                                                                
                                                                               
 REPRESENTATIVE NAVARRE:  They feel that too much money is being               
 spent on education.  The public - in the polls that I've seen - the           
 public is willing to pay more taxes, income tax or otherwise                  
 including reduction in dividends, to put more money into education            
 and we're not allowing that.  We're not allowing that except                  
 through, I guess, additional reductions beyond what I feel are                
 unreasonable levels.  I am -- you know, I came into the - onto the            
 commission with the hope that we could reach a consensus plan,                
 because I think that's the only way that we have - we stand a                 
 chance of getting this implemented by the legislature.  And I am,             
 despite my concerns, prepared to support this plan.  I may submit             
 a letter of dissent on some of the points on it or concerns, and --           
 but -- and I'll support it in the legislature also.  But I will               
 also be very hard to deal with if there is a selective picking of             
 different items within this that are implemented which cause really           
 the whole plan to fall part, because I disagree that if we do any             
 of them, we'll have accomplished something.  I think if we do some            
 and not the others, then we've done a -- the legislature -- we will           
 have done a tremendous disservice in terms of -- in terms of what             
 happens to this state.  I -- I still wish we could move the income            
 tax up as an option, because and I guess that if left to the                  
 legislature, they could choose to move it up in lieu of some of the           
 other reductions.  I guess I'm not entirely comfortable; in fact,             
 I'm very uncomfortable because I think that -- that -- that some of           
 the recommendations are -- are built on what I feel is a false                
 premise and -- but beyond that, I appreciate all the time and                 
 effort that people have put into this and I -- I that it's a                  
 workable plan, we're moving in the right direction and -- and just            
 hope that we can convince the public that -- that what we've done             
 really does make some sense.                                                  
                                                                               
 MR. ROGERS:  Anyone else seeking the floor?  Sean                             
                                                                               
 REPRESENTATIVE PARNELL:  Brian, first I just want to say thank you            
 for serving as chairman.  You've put in a lot of time, as have the            
 other members of the commission, and I did want you to know and the           
 other commission members to know that my dissent and the dissenting           
 report I intend to (indisc.) is not a reflection on anybody                   
 personally; it's just a differing opinion on the direction we                 
 should be taking.  And I've already tried to state my objections as           
 we go along and Hugh has stated his.  I've heard Steve state some             
 of his.  Mary stated some of hers, and so I'll just reserve my                
 comments for (indisc.).  I do appreciate all the hours of time that           
 everybody's put in.  I just feel that, in general -- my general               
 feeling is that we're sacrificing what could be the permanent fund.           
 I think we're sacrificing permanent fund earnings, permanent fund             
 growth, and basically, on the altar of spending and I think there's           
 a better way than the endowment approach, but that's -- that's                
 already something I've tried to articulate (indisc.).                         
                                                                               
 MR. ROGERS:  Steve.                                                           
                                                                               
 SENATOR RIEGER:  I'd like to echo some of Sean's comments.  I                 
 appreciate the time people have put in.  I'll be voting no, and               
 submitting a minority report also, but I appreciate the long hours            
 that people have put in.                                                      
                                                                               
 MR. ROGERS:  Are you ready to vote?                                           
                                                                               
 UNIDENTIFIED SPEAKER (male):  On what?                                        
                                                                               
 MR. ROGERS:  On the actions to be taken in the next three                     
 legislative sessions.  Would all those in favor please....                    
                                                                               
 REPRESENTATIVE NAVARRE:  Mr. Chairman....                                     
                                                                               
 MR. ROGERS:  Yes.                                                             
                                                                               
 REPRESENTATIVE NAVARRE:  Can I -- can I just say that after hearing           
 Sean and Steve, I guess, I don't think it matters how we vote.  And           
 -- and no -- I mean I have a great deal of respect for both of them           
 as legislators, but the fact of the matter is that the legislators            
 here and in Juneau are the ones that are going to be making the               
 choice.  If two or three of the -- and the reason that Sean and               
 Steve were both put on this, as well as Georgianna and myself were            
 put on this commission, is because we have a lot of respect among             
 our colleagues and the fact that dissenting opinions are going to             
 be filed is going to, I think, prejudice the legislature against              
 taking any action.  And as a result, I think that maybe -- maybe we           
 should spend some time talking about whether or not accommodations            
 can be made because I think that while the plan might pass this               
 commission, I don't believe that it has a chance of being adopted             
 by -- by the legislature.                                                     
                                                                               
 MR. ROGERS:  I think we have one problem on that, and if I                    
 understood Sean correctly in earlier meetings and today, his                  
 concern is we're not putting enough in the permanent fund to build            
 the Cremo-type endowment and that Steve's is we're putting too much           
 in the permanent fund, and I don't believe that there's a way of              
 resolving not putting enough and putting too much.  And....                   
                                                                               
 REPRESENTATIVE PARNELL:  Can I address -- address something else --           
 and Mike -- Mike, you're right -- I mean, to some extent.  However,           
 I know my position and I'm sure I could speak for Steve on this -             
 we believe our -- I believe my position does in large part reflect            
 my constituency.  However, if in the next three months and into the           
 legislative session, something changes dramatically, I'm not -- I             
 don't think you should foreclose the -- I mean, you shouldn't                 
 foreclose the possibility that this plan will be embraced by the              
 general public, because I think that is something that an                     
 educational process may accomplish.  But yet I realize the                    
 practical reality that you're saying, so there's a balance there.             
                                                                               
 MR. ROGERS:  Annalee.                                                         
                                                                               
 MS. MCCONNELL:  It seems...                                                   
                                                                               
 MR. ROGERS:  Lee, Georgianna.                                                 
                                                                               
 MS. MCCONNELL:  It seems that if the dissents are in one direction            
 not enough and in the other direction too much, that to me re-                
 enforces that this kind of approach is the only thing that has a              
 prayer in hell of moving us off of the standstill position that               
 we've been in as a state as far as dealing with the fiscal gap.               
 But since the average of too much and too little is where we are at           
 the moment, and I think that goes back to the idea that -- that as            
 we -- as we came into this, we all recognize that our individual              
 plans were irrelevant because it was the composite that was gonna -           
 - gonna (indisc.).  My -- still my favorite phrase out of the                 
 commission is Judy saying, we'll all have to give up some of our              
 nevers, because in Alaska we have lots and lots of nevers and --              
 and so there has to be some way of finding the middle that does               
 bridge the two.  I think we tried very hard in -- in -- as was                
 discussed yesterday to look at the more wholesale approach that               
 Roger Cremo had advanced (indisc.) but for various reasons,                   
 including (indisc.) couldn't get from here to there, find a way of            
 doing that, came to this -- this partial endowment....                        
                                                                               
 UNIDENTIFIED SPEAKER (male):  Diet Cremo?                                     
                                                                               
 MS. MCCONNELL:  What?                                                         
                                                                               
 UNIDENTIFIED SPEAKER (male):  With Diet Cremo?                                
                                                                               
 MS. MCCONNELL:  Diet Cremo (indisc.)  But -- but that is the                  
 essence of this -- of this whole process and I share Mike's concern           
 that if we have particularly -- if we have our two majority                   
 legislators who are not part of -- of the report and feel that they           
 can't participate in the shared plan, that that does start us off             
 on a different foot.  And you may be right, it may be that you find           
 that many of the kinds of organizations that your constituents and            
 the general public belong to, decide they can go with this even               
 though it's not done all the things they would want.  But they                
 don't want to sit in this room a year from now and go through this            
 kind of routine.  There still, as Lee pointed out, be lots of                 
 opportunity for public debate and so on, but it's -- it's coming              
 out of this door that we have to sort of convince everybody, I                
 think that it takes a little bit from all of us, both the good                
 ideas and the willingness to give up the things that we didn't get            
 to pull this off.  I would hate to see another legislative session            
 where we can't -- we can't get beyond saying gosh we've got a                 
 fiscal problem.                                                               
                                                                               
 MR. ROGERS:  Lee.                                                             
                                                                               
 MR. GORSUCH:  It always -- I've participated in at least a half a             
 dozen of these types of sessions and in several we've had                     
 legislative representation.  And interestingly in many instances              
 the legislators are the ones who can't seem to agree with the                 
 public members.  I don't know if that's because they're in better             
 touch with their constituencies, a different touch of relationship            
 with their constituencies or what.  But it wouldn't -- it wouldn't            
 bother me if we didn't -- I'd much prefer to have unanimous support           
 for the first three years or the five year or the ten year, but I'm           
 not too concerned about the level of cuts and the imposition of               
 taxes.  The one thing that I am concerned about is whether or not             
 our delegation would at least give the voters the opportunity to              
 vote on our core constitutional amendments.  And that requires a              
 two-thirds vote.  If we don't have your support to even allow the             
 public to vote on the question, then I think we really are in a --            
 in an exercise that's not likely to produce much results, because             
 what I hear from the public is they would like to have a voice in             
 this and a direct voice, not just a representative voice.  And I              
 think we've worked on a reasonable plan and we have on a                      
 constitutional ballot opportunities for Sean and Steve to offer,              
 you know, the op-ed pieces that go into the constitutional                    
 amendment language.  But I would be interested to know whether or             
 not our legislators would at least be willing to allow the public             
 to vote on our proposed endowment.                                            
                                                                               
 REPRESENTATIVE PARNELL:  I'll just speak to that because I don't              
 know if it's even possible for any one of us three to make that               
 commitment now because there will be changes in the presentation as           
 it comes to the legislature, so....                                           
                                                                               
 MR. GORSUCH:  Assuming there were none, I mean....                            
                                                                               
 REPRESENTATIVE PARNELL:  Well, assuming there were none, what                 
 you're going to have is you're going to have to get a majority --             
 to get a super majority on a vote like that, you're going to have             
 commitments made by some people to, ya, I'll give you my vote if we           
 do this, I'll give you my vote if we do that.  So, to commit now,             
 to (indisc.) my question, well we don't know what the price tag is            
 on the other end is folly on our part as legislators to make that             
 commitment.  I mean -- I'm committed certainly to doing what my               
 district wants (indisc.) and if they want to vote on it, I'm happy            
 to let them vote on it.  But I want to know what the full cost is             
 before I make that huge commitment.  But I don't think we know the            
 full price tag here at this point.  You know, like the price tag in           
 the legislature, is what I'm talking about.                                   
                                                                               
 MR. ROGERS:  Georgianna.                                                      
                                                                               
 SENATOR LINCOLN:  In answer to your question, I've never been                 
 afraid to put anything out to the general public for their vote, I            
 don't care what it is.  Let the general -- I think that the general           
 public does know what they want, and so I've never been afraid of             
 that.  But, Mr. Chairman, I'm very concerned - when I said before             
 that I didn't think we had a unanimous and I never thought we could           
 get a unanimous, I'm extremely concerned that my two friends - and            
 I do consider them friends, too - are not voting for this because             
 they are in the majority and it concerns me that as being the                 
 representatives of the majority in the House and the Senate, that             
 the -- the voice then would be to take it back to change it in some           
 way.  That, I see -- if there's major parts on here that's going to           
 be changed, it just throws everything off.  It -- this whole                  
 scenario changes dramatically.  And I just implore everyone around            
 here that even though I represent an area that's predominantly                
 (indisc.) rural and bush, when I sat here I had to keep saying, I'm           
 here on behalf of the state of Alaska and not on my constituents'             
 behalf, but for everybody.  And I think we have to look at it that            
 way.  Like I said, there's thing that I don't like about the plan,            
 but for the state of Alaska, for the good of all the state of                 
 Alaska, is this something - a plan that we can put forward for the            
 legislature to consider and the Administration to consider.  Nor do           
 we support everything in here.  You have the ability to write --              
 and that is my next question too is, how do we have minority                  
 reports?  Are we going to allow everybody to write a 10-page                  
 minority report; a 50-page minority report and have it as an                  
 addendum?  But you have that ability to do that is to write a -- a            
 section on there.  But overall, is this plan something that the               
 whole state of Alaska should get a shot at?  Not what we believe              
 our party's position is.  I personally have not even talked with my           
 minority Senate members.  I've purposely not talked with them about           
 this and I have had a couple of calls to return to my Senate                  
 minority members and I have done that because I don't believe that            
 I'm sitting here as representing just the minority members.  All of           
 Alaska -- what's good for all of Alaska.  I don't believe that                
 Bruce's grandchildren -- I don't know maybe they are my                       
 constituents, but -- but it doesn't matter.  We have to look at               
 what's good for our next generation that there's something there              
 for the future of Alaska and we're going to have a healthy Alaska.            
 So, I just ask that before we vote really to think about that we're           
 sitting here, not with a hat on that we're representing any                   
 particular group, but we're representing all of Alaska.                       
                                                                               
 MR. ROGERS:  Before Judy, if I could respond Georgianna to your               
 question about minority reports.  That's an issue we still have to            
 deal with after we deal with what's the majority report for which             
 we have 65 minutes remaining.  And we had earlier developed an                
 outline of what looked like it would be an 80-page report.  I don't           
 think that we have the time or the patience to edit that in the               
 next two weeks and I would suggest we look at a short report with             
 bullets with the main points, organized in much the same fashion as           
 Annalee's report with some -- a second set that takes each of the             
 components and gives a short set on those.  What the commission               
 wants to do on minority reports, we will have a lot of ancillary              
 material available for people who want it and certainly my sense              
 would be anyone who wanted a file on minority report, we could make           
 people aware that those are available.  But if we were going to be            
 publishing long minority reports, then I think we should plan on              
 devoting the time to write a comparable majority report - if                  
 there's a majority in this room for something.                                
 Note:  There was an indiscernible comment or question.                        
                                                                               
 MR. ROGERS:  Well, one idea that -- if we have a more significant             
 report and if we're prepared over the next three or four weeks to             
 draft it or even over the next two weeks to draft it, would be to             
 have the opportunity for anyone to submit a concurring or                     
 dissenting paragraph that wishes to do so.  But I -- I'd like to              
 wait and see if we've got a majority.  If we do, work on a majority           
 report before dealing with minority reports.  Judy.                           
                                                                               
 MS. BRADY:  Well, I -- you know -- I think -- I agree with Annalee.           
 I think we're in good shape here and I think that the reasons are             
 that that people disagree are you know nice playoffs against the              
 regular, you know, the whole plan, and I think there is three or              
 four months to see if there's public buy-in on this plan and we'll            
 know and the public can talk to their legislators and legislators             
 who have -- you know we've all had a lot of -- a lot of difference            
 of opinion around here and come and -- and kind of settled in to              
 move it.  I think of Roger Cremo -- Roger Cremo -- I didn't --                
 hadn't met Roger Cremo until the fiscal thing we did about four of            
 five four years ago and he came up and said I'd like to make a                
 presentation, and I said you can't, we don't have time.  And -- but           
 he ended up doing -- making a presentation at every fiscal gap                
 thing afterward and we have a partial endowment that we never would           
 have had if he hadn't just shown up every time and I think things             
 do change and I think people change them and -- and I think we have           
 a real good shot at this.  I think we have enough for a good solid            
 majority and I think we have a shot at solving all the problems               
 that we talked about.  So, I feel real good about this right now.             
                                                                               
 MR. ROGERS:  Mike O'Connor.                                                   
                                                                               
 MR. O'CONNOR:  I was just going to ask how you were going to handle           
 the minority report.                                                          
                                                                               
 MR. ROGERS:  I think that will be up to the commission as a whole.            
 Anyone else seeking the floor.                                                
                                                                               
 MR. LUDWIG:  I didn't understand your answer.                                 
                                                                               
 MR. ROGERS:  On the minority report?                                          
                                                                               
 Note:  Answer was indiscernible.                                              
                                                                               
 MR. ROGERS:  I'm not saying as we need to discuss it, but until we            
 know whether -- what we may have is 15....                                    
                                                                               
 UNIDENTIFIED SPEAKER (male):  Minority reports.                               
                                                                               
 MR. ROGERS:  ....15 minority reports and no majority report or we             
 may have -- I don't know -- I don't know at this point.  Annalee.             
                                                                               
 MS. MCCONNELL:  Am I correct that at this point we are -- we're               
 voting only up through the 1999 evaluation of where we go with the            
 next set of choices, so that we're not making any pre-determination           
 in this first vote of where the choices end up in the second half.            
 Is that right?                                                                
                                                                               
 MR. ROGERS:  This is only for the actions of 96, 97 and 98                    
 sessions.  Prior to the review commission that will follow those              
 three sets of actions.                                                        
                                                                               
 MS. MCCONNELL:   So those who have a concern about the income tax             
 in the out years could still support this piece and -- and we would           
 have the ability to have a second section where there's -- we could           
 unanimity or close to it up through the first part and then split,            
 right?                                                                        
                                                                               
 MR. ROGERS:  That's (indisc.)....                                             
                                                                               
 MS. MCCONNELL:  Okay, I just wanted to be sure....                            
                                                                               
 MR. ROGERS:  I'm sure -- I know that the -- what we called the                
 1998-1999 fork in the road, I that there's greater (indisc.) after            
 that period.  I don't know if there's divergence if there is up to            
 that period, but a vote for the plan in 96, 97, and 98 sessions is            
 not an assumed vote for the plan beyond that.                                 
                                                                               
 SENATOR LINCOLN:  Mr. Chairman, I -- I have to ask you one more               
 question.  When you say a minority report, that doesn't mean that             
 if somebody votes for this plan, that they couldn't still write a             
 quote minority report.                                                        
                                                                               
 MR. ROGERS:  Well, as -- as Mike called it, a concurring report and           
 maybe a concurring and dissenting report might be a better way of             
 putting it than minority report.  There may be people who want to             
 supplement -- there may be people who vote for it but they want to            
 explain -- they don't like a piece of it, but they voted for it               
 anyway.                                                                       
                                                                               
 SENATOR LINCOLN:  Right.  Okay.  I just wanted to clarify that.               
                                                                               
 MR. ROGERS:  And there may be people who vote against it who might            
 say I support it except for this one item which caused me to go               
 over the edge.                                                                
                                                                               
 MR. LUDWIG:  Question.                                                        
                                                                               
 MR. ROGERS:  Bruce.                                                           
                                                                               
 MR. LUDWIG:  I'm going to support this plan for 3 years, 5 years,             
 10 years.  I think there's some big problems with it.  I think it             
 was wrong to take oil off the table, I think that that's a common             
 resource - that's our oil and we should -- I think there's                    
 questions out there about whether we're getting the value out of              
 it.  I think it's wrong to just take it off.  We should have looked           
 it.  I think the tools we used are ass backwards.  I think we did             
 the things that hurt the economy more sooner than the things that             
 don't hurt it as much.  But I'm also aware that if we don't do                
 anything, we're going to be in a bigger problem than not.  And I              
 think we have to do something and this seems to be something.  I              
 think we've got a fairly good microcosm of the state - it's                   
 acceptable to the vast majority of us and I think it's acceptable             
 to the public if we educate them.  And I think that has to happen.            
 For that reason, I'm going to support it.                                     
                                                                               
 MR. ROGERS:  Are you ready to vote?  Question being on the                    
 legislative actions for the next three legislative sessions - 96,             
 97, and 98 sessions - all who support the recommendations as laid             
 out in the endowment scenario projection, please raise your hand.             
 One, two, three, four, five, six, seven, eight, nine, ten.  Those             
 opposed?  One, two, three, four.  On the recommendations for the              
 10-year period....                                                            
                                                                               
 UNIDENTIFIED SPEAKER (female):  Five year?                                    
                                                                               
 MR. ROGERS:  Pardon?                                                          
                                                                               
 UNIDENTIFIED SPEAKER (female):  Five year.                                    
                                                                               
 MR. ROGERS:  Okay, five year which would add -- actually 5 year and           
 10 year are basically the same, if I'm not mistaken.                          
                                                                               
 UNIDENTIFIED SPEAKER (male):  Yup.                                            
                                                                               
 MR. ROGERS:  So, those for the 5 and 10 year, those that favor the            
 5- and 10-year plan, please indicate by raising your hand.  One,              
 two, three, four, five, six, seven, eight, nine, ten.  Those                  
 opposed?  One, two, three, four.  Ten/four.  Hugh.                            
                                                                               
 HUGH MOTLEY:  I intentionally didn't make any comments before the             
 vote and I had told you in advance that it would be very hard for             
 me to go through the process and support things, and vote on                  
 things, and express views when I knew that in the end I would have            
 to vote no.  That does not mean that I don't believe personally               
 that this is the best plan that could have come out of this group.            
 Under the ground rules that we worked with, we were not able to do            
 something that I thought would be better, but under those                     
 circumstances, I do want the (indisc.) and I do want the people to            
 get a chance to vote on it.  It's just that I can't support for the           
 reasons I've already given several times, but I don't think we                
 could have done any better than what's here.                                  
                                                                               
 MR. ROGERS:  Mike.                                                            
                                                                               
 REPRESENTATIVE NAVARRE:  I move that we be -- that everybody be               
 allowed to write no more than -- anybody who wants -- be allowed to           
 write no more than a two-page dissent or concurring opinion because           
 I have some problems with the components of this plan and some of             
 the trade-offs.  I supported the plan because I think we -- we need           
 to do something and the public debate really does have to go                  
 forward, but I do have some concerns with what is encompassed in              
 the plan.                                                                     
                                                                               
 UNIDENTIFIED SPEAKER (male):  (Indisc.) second.                               
                                                                               
 UNIDENTIFIED SPEAKER (male):  Mr. Chairman, make it a one-page.               
                                                                               
 MR. ROGERS:  I'm a little -- I'm concerned about the logistics of             
 getting a report describing this out.  If we're going with our --             
 the earlier outline that we did, we have a huge amount of writing             
 and editing as a group left to do.  If we look at a summary with              
 bullets we're talking about probably an 8- to 10-page report versus           
 a 50- to 80-page report.  I'm not sure how -- I guess I would                 
 oppose the motion in the hopes that we'll go with the short version           
 of the main report and I'd hate to have everybody's concurring and            
 dissenting opinions outweigh the report itself.  I would prefer to            
 say that anyone can write as long a dissent or concurring, and that           
 we would refer to those and make those -- what people who want to             
 get those, but just publish a brief executive summary that has the            
 main points that lists what dissenting and concurring reports have            
 been submitted and let people go 50 pages if they want to go.  So,            
 for that reason, I -- not because I oppose the reports, but I                 
 oppose the limitation and the publishing.                                     
                                                                               
 REPRESENTATIVE NAVARRE:  Well Mr. Chairman, the reason I suggest              
 that is because it would be just as easy to vote no on the plan and           
 say what I like about it as it is to say yes, in favor of the plan            
 and then not be able to say anything.  Because like it or not, this           
 is public record and what I have just voted for is to cut                     
 dividends, use permanent fund earnings, raise taxes, and not take             
 care of any of the needs that have been suggested to me by my                 
 constituents and other people around the state.  That's what I                
 voted for.  I only won a few of the things I wanted.  I wanted an             
 increase in transportation; instead I got a transportation tax with           
 no increase.  So, that's where my concern comes in.                           
                                                                               
 MR. ROGERS:  On the motion, is there further discussion?  Judy.               
                                                                               
 MS. BRADY:  Let's see.  First thing -- first thing is you know how            
 do we get (indisc.), I'll get to the second part about the                    
 dissenting and concurring (indisc.) in a second.  The first thing             
 is the report itself and how we get it tomorrow and I think we can            
 just do dots for tomorrow.  But the second thing is I think that              
 what we could do is go ahead and do the -- the (indisc.) dot report           
 with -- and especially with an explanation of you know almost each            
 line of why we did things - what we were trying to accomplish - and           
 maybe at that point, we could even on one of them talk about where            
 the back and forth was.  Because that's a good way to present it              
 anyway, because as people go through it they'll have the same kinds           
 of back and forth comments.  And then send it to everybody in like            
 a week and a half and everybody have like a -- and then maybe have            
 one more teleconference or however we want to do it to do the                 
 editing, or have people submit comments and just do it that way               
 back and forth only once or twice or not at all.  There's got to be           
 someway of getting in -- getting people's comments in and then the            
 paragraphs, I think even the concurring and dissenting things could           
 be a paragraph -- maybe do that for the final report.  Would that             
 work?  Where -- you could say what you were concerned about in a              
 paragraph and so could Steve and so could Sean.  All of us could              
 say probably in a paragraph what our concerns would be.                       
                                                                               
 MR. ROGERS:  Bruce and then Annalee.                                          
                                                                               
 MR. LUDWIG:  I'd like not to stop a dissenting report, I think                
 that's a person's right, but I think the body of the main report              
 ought to address some of the things that Mike or I or Georgianna              
 might bring up in a concurring report.  I mean all of us have given           
 up some.  You know as Judy said, we've all had nevers that take               
 place and I don't think there's any of us here that didn't.  So, I            
 -- if we try to accommodate some of those nevers, I think it helps            
 educate the public too because they've got some of the same nevers.           
 But I don't want to stop Steve's right to write a dissent or Sean's           
 right, or even my friend, Hugh.  But I agree with you that it                 
 shouldn't . . .                                                               
                                                                               
 MR. ROGERS:  I figure we need about a one-hour meeting for every              
 page of text we want in the report and it's 80 pages already?                 
 Well...                                                                       
                                                                               
 MR. LUDWIG:  I heard him say 8 to 10.                                         
                                                                               
 MR. ROGERS:  My preference is 8 to 10 brief, bullet points, not a             
 whole lot of explanation, and then I'd go for a paragraph apiece on           
 what we have as major -- major problems for both the concurring and           
 dissenting.  That's the way I'd personally like to see it, but I              
 think on the concurring and the dissenting we can go -- we can go             
 longer if we want to, but the main report - if we're looking for 8            
 to 10 pages, we can figure 8 to 10 hours of editing to get a report           
 out and that has to happen relatively quickly and there's a lot to            
 amass from the various sections people have already written                   
 (indisc.).  Group editing a report is a significant task as we                
 found out.  On the first report we ended up casting a bunch into              
 appendices that we didn't group edit and we group edited 14 pages             
 and we were four weeks late in getting the report out from our                
 original target.  So, think about the amount of time we went -- we            
 spent going through that.  That was a significant effort and that's           
 why I want to try to shrink that.  Personally, I think a lot of us            
 have limited amount of energy left to write and to edit and to get            
 the plan out.  So, again I'd like to keep it short and simple so              
 that people can understand it.  Lee.                                          
                                                                               
 MR. GORSUCH:  Well, I guess my sense is I'd like to know from the             
 no votes in sort of a concise statement -- I think I understand it            
 -- I'd like to sort of have sort of concision around the -- the               
 fork in the road that sort of caused one to go, whether it was --             
 as I understood Steve's position -- Steve if -- if I understood               
 your -- it was really sort of building -- building up the permanent           
 fund as a measure taking money off the table and not using other --           
 other of the fiscal tools.                                                    
                                                                               
 MR. ROGERS:  Maybe we should go around the room and let every                 
 person express their concurring or dissenting opinion now as to               
 what the major issues are for them.                                           
                                                                               
 MR. GORSUCH:  And that's what I was going to suggest.  If we could            
 just -- if we could get to a one sort of sentence statement about             
 where -- what was the concurrence with reservation or the                     
 opposition so we just had a sense for ourselves what was -- what              
 was the break point or the issue that the overall recommendation              
 didn't erase.  And if that were the case, the last of our report              
 could show essentially where -- where did we have relative degrees            
 of unanimity and where would we encourage public debate and                   
 discussion.  Because I don't want to get to -- I certainly wouldn't           
 want to create the impression that we're not going to have a                  
 division of opinion out in the community, as well, over similar               
 kinds of questions.  So -- but I -- I think in order for this to              
 have its integrity it should show where we agreed and where we                
 disagreed to the extent that we could even though we all wound up             
 in this different position.                                                   
                                                                               
 MS. MCCONNELL:  I think there's a motion on the floor, too isn't              
 there?                                                                        
                                                                               
 MR. ROGERS:  A motion on the floor to have -- allow each member to            
 write up to a two-page concurring or dissenting opinion and Mike              
 was that to be published with -- Mike was the motion to be                    
 published with the report?                                                    
                                                                               
 REPRESENTATIVE NAVARRE:  Ya, I'll make it one-page instead of two-            
 pages.                                                                        
                                                                               
 MR. ROGERS:  Motion....                                                       
                                                                               
 MS. MCCONNELL:  And be bound in with the original or....                      
                                                                               
 MR. ROGERS:  ....bound.  The motion is that it be bound in and                
 distributed with whatever majority report we're able to produce.              
                                                                               
 MR. GORSUCH:  Make it as an appendix and I'll support it.                     
                                                                               
 REPRESENTATIVE PARNELL:  Appendix is fine.  I just never (indisc.)            
 expression of dissent as long as it's not dilatory.  I mean I can             
 understand space constraints or whatever, but I, like Bruce, think            
 we can write whatever the heck we want to write as a dissenting               
 report and I'm just kind of curious where I'm missing the boat                
 on....                                                                        
                                                                               
 MR. ROGERS:  Steve, Bruce, Annalee.                                           
                                                                               
 SENATOR RIEGER:  I that that my dissent would be concise, but                 
 complete, would require two pages of text and perhaps one                     
 spreadsheet.  So, that's what I would anticipate it to be.                    
                                                                               
 MR. ROGERS:  And I think for me to write my concurring opinion                
 expressing my reservations would take a similar or a larger number            
 of pages.                                                                     
                                                                               
 SENATOR LINCOLN:  Then I'll have to take 10.                                  
                                                                               
 MR. ROGERS:  Annalee and then Bruce.                                          
                                                                               
                                                                               
 UNIDENTIFIED SPEAKER (male):  We're talking about a bunch of                  
 minority opinions when we can't even write a majority opinion.                
                                                                               
 MS. BRADY:  We can write -- well, that's what we're talking about             
 though.  See I like the idea of appendix, then you can write                  
 whatever you want, I don't care.                                              
                                                                               
 UNIDENTIFIED SPEAKER (male):  Ya, just write the majority opinion.            
                                                                               
 MS. BRADY:  All we were talking about is how you -- how we -- all             
 were talking about is how we include the dissenting and the -- in             
 the report, when we're going to have enough trouble writing the               
 report.  And I like the idea of appendix.  That can be a separately           
 bound appendix that goes out with the report and the two things go            
 together and if someone just wants the appendix, they get the                 
 appendix.  And so everybody -- probably could do the appendix first           
 -- everybody write their two pages.  You have until next Friday to            
 do it - we would put that in an appendix and it be called something           
 to go out with the report and it goes with the report.                        
                                                                               
 MR. ROGERS:  We will publish no minority -- individual opinions if            
 we don't publish a majority report.                                           
                                                                               
 MS. BRADY:  Right.  That goes with it.                                        
                                                                               
 MR. ROGERS:  And I watch this clock go around and around and around           
 and we talk around and around and around and we're unable to get to           
 talking about writing the damn report.                                        
                                                                               
 MS. BRADY:  Well I thought we were just going to do that in the               
 next week.  I'll serve on that committee -- to write the report.              
 Who else?                                                                     
                                                                               
 MR. ROGERS:  Why don't we take a five minute break.  The chair                
 needs a break.                                                                
                                                                               
 MR. ROGERS:  The security guard for the building has just given us            
 suggestion for another change and that is that it ought to be                 
 against the law to have to be indoors on a day like today.  Can we            
 talk about the timetable for producing the majority report before             
 we figure out what the minority reports and concurring majority and           
 concurring -- and the dissenting minority and dissenting majority.            
 The motion's been withdrawn.  In terms of the schedule for                    
 producing the report, does anyone have....                                    
                                                                               
 SENATOR LINCOLN:  I wanted to talk about that motion -- and that              
 has been withdrawn?  I'd liked the motion and unless there's                  
 something I missed when I came in.                                            
                                                                               
 MR. ROGERS:  What I'd like to do is for us to figure out how we're            
 going to produce our report and then once we've figured out how               
 we're going to produce the report, as part of that, discuss how we            
 deal with concurring and dissenting opinions.  I think we have to             
 deal with the larger issue of production of the report while we               
 still have 30 minutes to do that, unless there's a vote to extend.            
 Does anyone have a suggestion for how we produce this report?                 
 Mary.                                                                         
                                                                               
 MS. NORDALE:  Mr. Chairman, I'll work with you in a 8- or 10-page             
 statement of what the elements of the plan are and the rationale              
 for those elements which I think is an extremely important aspect             
 of producing the report.  The fact that I disagree with some of the           
 major components doesn't necessarily mean that I can't argue in               
 their favor or describe them.  But I think that if we can just get            
 the major elements described and the rationale for the cap on                 
 spending because of the long-term business, then if we can get that           
 done, faxed around to people, then I think that you're going to be            
 farther ahead than if you had a whole bunch of meetings to edit the           
 thing.                                                                        
                                                                               
 MR. ROGERS:  Lee.                                                             
                                                                               
 MR. GORSUCH:  I move that we authorize the chair to commandeer                
 whatever assistance necessary to produce a draft report within the            
 week.                                                                         
                                                                               
 UNIDENTIFIED SPEAKER (male):  Second.                                         
                                                                               
 MR. ROGERS:  (Indisc.) looking at my schedule -- how much time I              
 can devote to such a task.                                                    
                                                                               
 MS. BRADY:  You're gonna commandeer....                                       
                                                                               
 MR. GORSUCH:  You can commandeer whoever you like to assist you in            
 that....                                                                      
                                                                               
 MS. MCCONNELL:  I volunteer to help with this.                                
                                                                               
 MR. GORSUCH:  Mary and Annalee and Judy have already indicated....            
                                                                               
 MS. BRADY:  And I'm going to have some help -- you know, we've got            
 some help too about how we put this together so it's clear and then           
 the list of legislative options.                                              
                                                                               
 MS. MCCONNELL:  (Indisc.) report.  I've got that here.                        
                                                                               
 MR. ROGERS:  And then the commission will need to get together                
 again to discuss whether that draft does fairly represent the                 
 majority.   Is there a time or day, that works better than others             
 for people to do that?                                                        
                                                                               
 SENATOR LINCOLN:  Mr. Chairman, before you go into that segment.              
 I guess I would ask - and I know Annalee has been great on typing             
 this up with your PC there, but I don't want the report to be                 
 suspect - that Administration had too great a part in it or                   
 legislators had too great of a part in it, so I would suggest that            
 this final portion be done by public members, just so it's not in             
 suspect.                                                                      
                                                                               
 MS. MCCONNELL:  That's okay by me.                                            
                                                                               
 MR. ROGERS:  So, if Mary and Judy and I were try to get together on           
 one or more occasions in the next week or so I'll try to get                  
 something out prior to Mary's departure on the 10th.  Is there a              
 day or an evening that would work for people?  Would Monday night             
 the 9th for a video conference from 6 o'clock on be an acceptable             
 time for the group to meet to review a draft which will probably be           
 faxed out that morning.                                                       
                                                                               
 UNIDENTIFIED SPEAKER (female):  For the whole commission, you're              
 talking about on the 9th?                                                     
                                                                               
 REPRESENTATIVE NAVARRE:  I'm going to be out of the state.  I would           
 very much like to participate by teleconference though even if I              
 can't be on video conference.                                                 
                                                                               
 MR. ROGERS:  We'd certainly have audio link for anyone who is in              
 Ketchikan and doesn't want to fly to Juneau for the video                     
 conference.  We unfortunately don't have a video unit in Ketchikan            
 yet.                                                                          
                                                                               
 MR. LUDWIG:  I'll be on a plane at that time.                                 
                                                                               
 MR. ROGERS:  You'd be on a plane Monday night.                                
                                                                               
 SENATOR LINCOLN:  Mr. Chairman, I too, will be out-of-state.  Is              
 this going to be an evening....                                               
                                                                               
 MR. ROGERS:  I -- I would prefer to do it in the evening.  I'd                
 consider a day time as another possibility.                                   
                                                                               
 UNIDENTIFIED SPEAKER (female):  Evening is bad for me.                        
                                                                               
 MS. BRADY:  How about the 10th?                                               
                                                                               
 UNIDENTIFIED SPEAKER (female):  Same, same.                                   
                                                                               
 MR. ROGERS:  I'm on a plane between 6 and 7 o'clock that evening.             
                                                                               
 MS. NORDALE:  I leave in the morning of the 10th.                             
                                                                               
 MS. BRADY:  Oh, yes.                                                          
                                                                               
 MS. NORDALE:  What about the previous Saturday?  Is that possible?            
                                                                               
 MS. WESTFALL:  Saturday, the 7th?                                             
                                                                               
 MR. ROGERS:  Saturday, the 7th.                                               
                                                                               
 UNIDENTIFIED SPEAKER (male):  That's not enough time.   That gives            
 you one week.                                                                 
                                                                               
 MS. BRADY:  You know what?  What if, guys, what if we just did this           
 like on the 16th?  That gives us two weeks to edit, send it out,              
 fax it around to everybody once, get stuff back.  I deal with                 
 committee reports all the time.  I've got 17 people on each of my             
 committees and everybody we need two-thirds vote, so you need time            
 to fax it out to everybody, have everybody fax their comments back,           
 incorporate the comments in your final (indisc.) actually goes                
 pretty quick.  Because if you have to fax everything you don't get            
 to say diddly.                                                                
                                                                               
 MR. ROGERS:  What about Friday, the 13th?                                     
                                                                               
 SENATOR LINCOLN:  I will be on a plane.                                       
                                                                               
 MR. ROGERS:  Sunday, there is a....                                           
                                                                               
 MR. GORSUCH:  How about Wednesday evening?                                    
                                                                               
 MR. ROGERS:  Wednesday evening, the 11th?                                     
                                                                               
 MR. GORSUCH:  Yes.                                                            
                                                                               
 MS. BRADY:  Ya, let's -- let's try that.                                      
                                                                               
 UNIDENTIFIED SPEAKER (male):  That's good.                                    
 MR. ROGERS:  Does Wednesday evening, the 11th work for people?                
                                                                               
 SENATOR LINCOLN:  As long as we can call in.                                  
                                                                               
 MR. GORSUCH:  Mr. Chairman, if it were possible to fax it out on              
 Monday evening as you had proposed so that we could get comments              
 back Tuesday and hopefully incorporate some master list of those              
 comments so that we could actually....                                        
                                                                               
 TAPE 3, SIDE B                                                                
                                                                               
 MR. ROGERS:  I have a 6:20 flight the next morning.  So, we're                
 going to meet on Wednesday, the 11th.  We'll try to get a first               
 draft out on the 9th, ask people to turn it around quickly and                
 we'll try to have a second draft out on the 11th.                             
                                                                               
 UNIDENTIFIED SPEAKER:  What time (indisc.).                                   
                                                                               
 UNIDENTIFIED SPEAKER (female):  Six p.m.                                      
                                                                               
 MR. ROGERS:  Six p.m....                                                      
                                                                               
 MS. BRADY:  Melissa, did you -- did you write down when Lee was               
 talking -- do you have that on tape?                                          
                                                                               
 MR. ROGERS:   ....on video so we'll notify people as to what the              
 video sites are, whether they're here or -- probably be the                   
 university sites because it's after hours.  So, it will be in all             
 likelihood University Lake Building, Butrovich Building, and the              
 Governor's conference room.                                                   
                                                                               
 MR. GORSUCH:  Mr. Chairman, I'd -- I'd be happy to offer offices in           
 terms of trying to do graphic presentations of whatever this is,              
 once it's in draft form so I'd be happy to avail my offices to                
 assist in that finalization of the draft.                                     
                                                                               
 MR. ROGERS:  We also have -- Northwest Strategies has offered their           
 assistance in that process (indisc.) graphics, etc., layout.  In              
 terms of how we want to publish the report, are there any                     
 preferences as to what it looks like whether we're aiming for                 
 something similar to the 8 1/2 by 11 format or a newspaper format.            
 If you remember, there's a check off on the dividend that people              
 can ask for a copy of our report.  That may mean tens of thousands            
 -- last year there were 30,000 people that asked for a copy of the            
 permanent fund report.                                                        
 MR. LUDWIG:  What do we have in the budget left?                              
 Do we have -- can we....                                                      
                                                                               
 MR. GORSUCH:  That will be a permanent fund expense.                          
                                                                               
 SENATOR LINCOLN:  I don't think that will come off of our expenses.           
                                                                               
 MR. ROGERS:  What I discussed with Jim Kelly at the Permanent Fund,           
 he was surprised at the thought that it might be a Permanent Fund             
 expense, but I think it might be a Permanent Fund expense for that.           
                                                                               
 MS. BRADY:  But they're off budgets, so nobody pays any                       
 attention....                                                                 
                                                                               
 MR. GORSUCH:  Mr. Chairman, I -- when we did the Commonwealth North           
 report, I thought that that actually came out pretty well because             
 it could then be easily formatted for the press presentation, so I            
 would just encourage us to think about that as a possible format or           
 presentation.  It lent itself well to both a 8 1/2 by 11, as well             
 as to be blown up into newsprint form.  But I think that gives us             
 further encouragement to keep it as abbreviated as we can and still           
 make the essential points.                                                    
                                                                               
 SENATOR LINCOLN:  I wish that we could have it in some type -- and            
 I don't know what that would take, but just for consideration -- a            
 -- a booklet type of - what would this be - 4 1/2 by....                      
                                                                               
 MR. ROGERS:  Five and one-half by eight.                                      
                                                                               
 SENATOR LINCOLN:  Five and one-half by eight?  Five and one-half by           
 eight, because people tend, I mean if it is for them to read it, to           
 set it down and then to pick it up later, but what I've found is              
 that if you've got a report that is a larger report, they'll look             
 at it and pitch it rather than to use this later to read.  And so             
 I would like to see it as a booklet-type report, if that's                    
 possible.                                                                     
                                                                               
 MR. GORSUCH:  And Matt Zency suggests the title be "The Alaskan No            
 Brainer."                                                                     
                                                                               
 UNIDENTIFIED SPEAKER (male):  What's wrong with that?                         
                                                                               
 MR. ROGERS:  For those who are not part of the majority, if you               
 could have some bullet points, I'd like for the main text to                  
 include bullets on what the major objections are to various                   
 provisions of the report.  And that that be - my own preference               
 would be that that be included in the majority report is some sense           
 of where the greatest concerns are.  That's not in lieu of, but               
 supplemental to whatever we do with the full minority reports.                
 With full concurring, as Mike had asked for the ability to say what           
 concerns he had, even though he's part of the majority.                       
                                                                               
 SENATOR LINCOLN:  Mr. Chairman, I guess I have a problem with that            
 because then it would be to my advantage to have voted as a                   
 minority because then I'm going to have a special section there               
 that I can speak to the portions that concern me.  I think that               
 it's enough to - and I'm going to reintroduce the motion to have a            
 one-page as a minority - anyone that would like to write a minority           
 - or not minority, but an addendum, to have a one-page.  So, I                
 would oppose having a segment that would be just for those that               
 voted against the final report.                                               
                                                                               
 MR. ROGERS:  I didn't have in mind a separate segment for those but           
 rather when we discussed the income tax, discussing what the                  
 concerns that some members had - it was too late, others the plan             
 required it too early, on the 25 to 50 percent laying out what the            
 concerns were over that, what the concerns that Lee and others                
 expressed over the budgets cuts, etc. - so that people understand             
 some of the trade-offs.  I think in order to understand the trade-            
 offs, you have to understand what people's concerns are.                      
                                                                               
 SENATOR LINCOLN:  So -- so, you're not suggesting that it be just             
 those that voted against it....                                               
                                                                               
 MS. BRADY:  All of ours.                                                      
                                                                               
 MR. ROGERS:  No.  All of....                                                  
                                                                               
 MS. BRADY:  And this will lend itself to this -- this is going to             
 lend itself to that kind of playoff I think really well, and give             
 people even a better understanding of....                                     
                                                                               
 MR. ROGERS:  And then my personal preference would be that the                
 report list any -- any expanded concurring and dissenting opinions            
 that people have had and that those be made available to anyone who           
 asks for them, but that they not be published as part of the full             
 report.  But that the full report list them and -- and let people             
 know where they can get copies of those opinions, which we might              
 bind separately, but maybe not send out 30,000 of them.                       
                                                                               
 UNIDENTIFIED SPEAKER (male):  Ask unanimous consent.                          
                                                                               
 MR. ROGERS:  Is there objection to that approach?  We'll meet on              
 the 11th -- we may need to meet once again -- it would be my goal             
 that the published report be available on Monday, the 16th --                 
 Monday -- that there be copies available on Monday, the 16th.  The            
 Chamber of Commerce, Commonwealth North have asked for a                      
 presentation of the report at that time.  I think that would be a             
 good time to make the published report available to two of the                
 groups that were most responsible for initiation of this project.             
 And that that be the date that we have the full presentation that             
 Ross is working on available.  I'd like to invite all the members             
 of the commission to come to that luncheon on the 16th.  Some of              
 you, I think, have already received invitations that are members of           
 those groups.  The other presentations that I've been asked to, and           
 I would encourage anyone who would like to, to come to them are on            
 this Tuesday, the 3rd at the Fairbanks Chamber of Commerce; on                
 Thursday, the 5th at Common Sense for Alaska in Anchorage; on the             
 19th, Fairbanks Rotary; and the 20th, Alaska Federation of Natives.           
                                                                               
 MS. BRADY:  I have a 19th to the Alaska Credit Union League dinner.           
                                                                               
                                                                               
 MR. ROGERS:  The 19th is the credit union League?                             
                                                                               
 MS. BRADY:  Something.  If I can't make it, maybe you could?                  
                                                                               
 MS. FOUSE:  The 17th, House and Senate leadership.                            
                                                                               
 MR. ROGERS:  Seventeenth -- House and Senate leadership at what               
 time?                                                                         
                                                                               
 MS. FOUSE:  There's no time set -- in the afternoon, I believe.               
                                                                               
 MS. BRADY:  Mr. Chairman, are we going to ask as part of this                 
 report that the legislature spend a day or two -- maybe even two --           
 on the fiscal gap in open session that we can talk about this                 
 report and talk about the various things and get caught up -- I               
 mean, if they're going to deal with this there's got to be an up to           
 speed day or some -- you know, there's got to be some -- you know             
 and you could have members of the Administration or members of                
 legislators make presentations.                                               
                                                                               
 MR. GORSUCH:  Preferably on a sunny Saturday and Sunday.                      
                                                                               
 MR. ROGERS:  In Juneau in January.                                            
                                                                               
 MS. BRADY:  I think that's fair to ask.  I think that's fair to ask           
 if they're going to deal with this and they have to.  If they say             
 no, fine.  Okay.  But I think if they're going to deal with this,             
 then they have to have, you know, the legislators who came to these           
 meetings are all caught up and obviously (indisc.) before, but                
 there's some who don't know.                                                  
                                                                               
 MR. ROGERS:  I guess my sense is, you know, there have been calls             
 for a special session at the beginning of the legislative session,            
 or special session separately for treating it separately, I really            
 think that's not our call.  It ought to be up to the legislative              
 leadership.  I would assume that the Governor's State of the Budget           
 will probably speak to a lot of these issues (indisc.) State of the           
 State and while I suppose we could make recommendations as to that            
 process, I think we're better off letting them grab hold of the               
 issue and decide how best to deal with it.  I have my own                     
 preferences and like you, I think the beginning of the session is             
 a good time to deal with it, but -- but I don't want to second                
 guess what the leadership wants to do.  And it really - the ball is           
 in their court after today, not ours.  That's my feeling.                     
                                                                               
 SENATOR LINCOLN:  Actually I think -- Mr. Chairman, I think                   
 probably that will come out on the 17th when you meet with the                
 leadership what the next step is going to be.                                 
                                                                               
 MR. ROGERS:  Other thoughts on that issue?                                    
 MR. POURCHOT:  Related issues on legislation.  Did you speak to               
 that (indisc.).                                                               
                                                                               
 MR. ROGERS:  On legislation - we have some bill drafts already.               
 We'll need to draft the constitutional amendment and discuss that             
 on the 11th.  Again, I think if we outline the legislation, that's            
 probably going to be enough.  For the Constitution - because every            
 word matters in the Constitution - I think we should prepare to               
 spend a half an hour or an hour - recognizing that may not be                 
 enough and we may have to go back to an outline form for the                  
 constitutional amendment.  If we can get agreement on portions of             
 it, I think we're in good shape and we would submit those tomorrow            
 to legislative drafters.                                                      
                                                                               
 MR. POURCHOT:  I agree with that.  I would also suggest that that             
 the commission draft the resolution that we would be submitting               
 asking the legislature to adopt something.                                    
                                                                               
 MR. ROGERS:  So we would have a commission resolution and then the            
 commission constitutional amendment and then the elements of the 96           
 legislative package in terms of the bills outlined or the bill --             
 series of bills outlined.  Annalee and then Lee.                              
                                                                               
 MS. MCCONNELL:  What about the briefing for tomorrow?  It is                  
 definitely 9 o'clock, is that right for the Senate President, the             
 House Speaker and Governor?                                                   
                                                                               
 MR. POURCHOT:  Did somebody talk to -- did you talk to the                    
 Governor?                                                                     
                                                                               
 MS. MCCONNELL:  As long as -- you made the last call that changed             
 it from 8:30 to 9:30 right?                                                   
                                                                               
 UNIDENTIFIED SPEAKER (female):  Ya, we're square....                          
                                                                               
 MR. ROGERS:  What -- what video conference sites is that?                     
                                                                               
 MS. FOUSE:  Fairbanks, the Butro, Governor's office in Juneau and             
 here.                                                                         
                                                                               
 MS. BRADY:  LIO here?  Right here?                                            
                                                                               
 MR. ROGERS:  Yes.                                                             
                                                                               
 SENATOR LINCOLN:  Could you say that again on what the time is?               
                                                                               
 MR. ROGERS:  Butrovich Building -- 9:00 a.m. tomorrow, Butrovich              
 Building, Fairbanks; Governor's Office, Juneau; Legislative                   
 Information Office.  I will try to summarize the major points --              
 let them know the report is coming in about two weeks in writing --           
 but summarize the major points, and then go to individual members             
 of the commission to speak briefly on -- to pick up elements that             
 I had missed in trying to summarize it verbally and to express                
 concurring or dissenting opinions.                                            
                                                                               
 MS. MCCONNELL:  And who -- how many of us are going to be able to             
 be there?  Are there a fair number of commission members....                  
                                                                               
 MR. ROGERS:  I'm assuming that's the case.  One, two, three, four,            
 five, six, seven, eight, nine -- ya, so the majority of the                   
 commission will be present.                                                   
                                                                               
 MS. MCCONNELL:  And what about any pieces of paper -- at that point           
 are we -- is it your intention that we have the spreadsheet or the            
 two page bulletin, (indisc.) edited or just nothing at the moment             
 and just verbal.                                                              
                                                                               
 MR. ROGERS:  My -- I think probably just verbal.  It's possible               
 that we might be able to produce a couple of -- of bullet sheets              
 that we can put up on the E/MO unit so that people can see it on              
 the screen, but there's not a lot of time between now and 9:00 a.m.           
 tomorrow.                                                                     
                                                                               
 MS. MCCONNELL:  Right.  That's why I was wondering whether we                 
 needed to do anything.                                                        
                                                                               
 MR. ROGERS:  We still have to work on editing your two-page summary           
 before we leave today.  Lee.                                                  
                                                                               
 MR. GORSUCH:  Mr. Chairman, I think now that we're, in broad                  
 strokes concluded, I would encourage the -- the chair to see if we            
 could have either a special meeting or a - at least a briefing of             
 the Alaska Permanent Fund trustees.  They're a group who are very             
 much affected by the recommendation of the conversion to the                  
 endowment plan and I think it's very important that we have a                 
 conversation with them as early as possible to try to avoid any               
 negative reactions on the part of the -- on the part of the                   
 trustees.  And secondly, all of us are involved in a host of                  
 different service organizations and I guess I would just encourage            
 all of us who feel so inclined, to really try to make a special               
 effort to reach out and talk to those groups as quickly as possible           
 because the rumor control is going to be an important dimension of            
 this.  It's really unfortunate that we'll wind up getting news                
 coverage before we actually have the report available, but that's             
 just the way -- that's just the way it is.  So I think it's going             
 to be important that we hit -- hit the Alliance, we hit the                   
 Commonwealth North, we hit the Chambers, more than just the                   
 presentation, but in their small group - the regular meetings and             
 so forth, that we try to make the rounds as much as we possibly               
 can.  It will be the beginning of the educational program.  But I             
 think those early days will be the most important ones because                
 that's when opinions are being formulated around first -- first               
 impressions.  And if I could just -- I think it's important that in           
 all of our publicity we try to give as much attention to what --              
 what the plan accomplishes as much as what the plan is.  I really             
 feel strongly that the public has some real preoccupations and to             
 the extent that we've addressed some of the things that they've               
 constantly been complaining about, it's important that we highlight           
 that the plan addresses those concerns and if you want to learn               
 about it, then we'll make the thing available.  But I think                   
 (indisc.) going to try to reiterate in terms of supporting our                
 recommendations is very important that it be high profile in terms            
 of what we release to the public.                                             
                                                                               
 MR. ROGERS:  The summary has a working title of "Securing a Stable            
 Fiscal Future for Alaska."  We had earlier proposed for the interim           
 report but it got bumped (indisc.) consideration now the "Fish or             
 Cut Bait" as the title.  We had Lee's "Cut, Cap and Tax" as a                 
 title.  Are there any other suggestions that people have?                     
                                                                               
 MS. NORDALE:  I think we ought to stay with our other title.                  
                                                                               
 MR. ROGERS:  Closing -- and Mary's is Closing the Fiscal Gap.                 
                                                                               
 UNIDENTIFIED SPEAKER (female):  Same as the last one.                         
                                                                               
 MR. ROGERS:  No, the last one was Growing Fiscal Gap.  It's called            
 Alaska's Growing Fiscal Gap is the first report.                              
                                                                               
 MS. NORDALE:  I think we ought to -- the whole publicity on this              
 thing has dealt with the gap and we've played into that, so I'd               
 kind of like to stay with....                                                 
                                                                               
 MR. ROGERS:  So yours would be....                                            
                                                                               
 MS. NORDALE:  Closing the Fiscal Gap.                                         
                                                                               
 SENATOR LINCOLN:  Then I guess I'd just stay with the same title as           
 we had before.                                                                
                                                                               
 MR. ROGERS:  Well....                                                         
                                                                               
 SENATOR LINCOLN:  Just to be consistent.                                      
                                                                               
 MR. ROGERS:  I don't think it's consistent because the plan -- with           
 the plan, it's no longer a growing fiscal gap.                                
                                                                               
 UNIDENTIFIED SPEAKER (female):  What was the whole title of the....           
                                                                               
 MR. ROGERS:  Alaska's Growing Fiscal Gap.                                     
                                                                               
 MS. MCCONNELL:  Does somebody have the extra -- there was a --                
 there were a bunch of copies that -- the edited version for today             
 starts off Alaska's fiscal gap is real and growing.  Is there                 
 (indisc.) because not everybody got one.                                      
                                                                               
 MR. ROGERS:  If we -- if we would take a little bit of Mary said              
 and a little bit of what Georgianna said, we would just add the               
 words "Closing" to the beginning of the title, to be "Closing                 
 Alaska's Growing Fiscal Gap."                                                 
                                                                               
 MR. ROGERS:  No?  Okay.  Closing Alaska's Fiscal Gap.                         
                                                                               
 Note:  Comments are indiscernible.                                            
                                                                               
 MR. ROGERS:  Well, that's what we been working at for five months.            
 Closing Alaska's Fiscal Gap -- is that acceptable?                            
                                                                               
 MR. LUDWIG:  Going, going, gone.                                              
                                                                               
 MR. ROGERS:  Pardon?                                                          
                                                                               
 MR. LUDWIG:  Going, going, gone.                                              
                                                                               
 MR. ROGERS:  Hearing no objection.  On Annalee's two-page summary             
 here.  First paragraph, second paragraph.                                     
                                                                               
 MS. BRADY:  I would just take out all the stuff about "while you              
 may disagree da da da da da da -- you know, on the first one, let's           
 just say this plan is for ourself and our grandchildren.  Everybody           
 has to share in the solution.  Everybody's going to -- we all gave            
 up something what we believe -- you know, we all gave up -- we all            
 did trade-offs to come to a -- something that would work and we               
 expect you to -- (indisc.) two, three sentences.                              
                                                                               
 MR. ROGERS:  Okay, the goals.                                                 
                                                                               
 UNIDENTIFIED SPEAKER (male):  Of our plan?                                    
                                                                               
 MR. GORSUCH:  Suggest we have another bullet which is to stabilize            
 both revenues and to take dollars or....                                      
                                                                               
 MR. ROGERS:  To stabilize revenues.                                           
                                                                               
 MR. GORSUCH:  Stabilize revenues.                                             
                                                                               
 MR. ROGERS:  Stabilize and diversify.                                         
                                                                               
 MR. GORSUCH:  But we're also taking money off the table which has             
 been a very consistent concern.                                               
                                                                               
 UNIDENTIFIED SPEAKER (female):  Mr. -- are you done?                          
                                                                               
 MR. GORSUCH:  No, I had under the -- building up the permanent                
 fund, I had -- again, I don't know if we want to do this or not,              
 but in -- in parenthesis was this offset declining oil revenues.              
 So, it could read build up the permanent fund for future                      
 generations and to offset declining oil revenues.                             
 MS. BRADY:  You know, if we could get that -- get a word by word              
 run -- that summary that you did about what the concerns were and             
 how this goes to solve it, that was just a really good play                   
 (indisc.).                                                                    
                                                                               
 MR. ROGERS:  I took a lot of notes on that too for the same reason.           
                                                                               
 MS. BRADY:  That would make a real good -- a real, real good                  
 summary.                                                                      
                                                                               
 MR. ROGERS:  And that -- that would sort of go right after the                
 goals and the plan and stick in these -- accomplishments of the               
 plan.                                                                         
                                                                               
 MS. BRADY:  Ya, and as a response to public concerns, you know, the           
 concerns (indisc.).                                                           
                                                                               
 SENATOR LINCOLN:  Mr. Chairman, I would also under the goals,                 
 change maybe the second line down to establish clear, viable                  
 choices for the following three, five and ten years.                          
                                                                               
 MR. ROGERS:  Down under the first four years, I think we're talking           
 the first three, -- first three legislative -- first three years;             
 then we'll need to change the numbers a little bit out on this.               
                                                                               
 MS. BRADY:  People might get mad about this inflation adjusted                
 dollars and today's dollars.  People always just think they're                
 getting ripped about that.  I don't know how to handle that, but if           
 we could just avoid that kind of reference in the summary sheet.              
 Is there any way to do that?                                                  
                                                                               
 MR. ROGERS:  I think I would -- I think it will be hard to avoid              
 doing that and so what I would advocate is whenever we speak to               
 nominal dollars, we put in parenthesis real dollars, where real               
 dollars in parenthesis nominal dollars; that at all times we report           
 them both ways so that people -- so that the two -- two ways of               
 seeing it are both on the table at the same time.                             
                                                                               
 MR. GORSUCH:  And I'd try to use it just in terms of equivalent to            
 x in today's purchasing power.  Mr. Chairman, just a couple of                
 editorial things.  I'd say the first three years and then say key             
 elements of the plan between now and the year 2000 are.  Always try           
 to make it in the active voice rather than the -- the passive                 
 voice.  And then under the spending and reforms, I would say cut              
 spending (indisc.) reform by 100 million and then do the listing              
 and raise revenues and consolidate reserves by 200 million, and               
 then the same thing with the permanent fund - decrease or reduce              
 permanent fund dividends....                                                  
                                                                               
 MR. ROGERS:  (Indisc.) permanent fund earnings and reduce permanent           
 fund dividends by....                                                         
                                                                               
 MS. BRADY:  You know what (indisc.-coughing) could be hard to show            
 but I know we want to talk about spending reform first, but this              
 whole thing requires a constitutional amendment and it's a way of -           
 - we need some kind of overall statement that this -- this plan --            
 the center of this plan is a constitutional amendment that....                
                                                                               
 MR. ROGERS:  Increases permanent fund deposits, establishes an                
 annual draw from the permanent fund, fixes problems in the existing           
 constitutional budget reserve.                                                
                                                                               
 MS. BRADY:  Ya, but that's not public -- I mean, that's not                   
 going....                                                                     
                                                                               
 MR. GORSUCH:  Ya, I think our first -- under the three-year plan,             
 our first italicized should be put before the voters constitutional           
 amendment....                                                                 
                                                                               
 MS. BRADY:  To reform how we spend....                                        
                                                                               
 MR. GORSUCH:  To whatever -- however we punch that out.                       
                                                                               
 MR. BRADY:  To....                                                            
                                                                               
 MR. ROGERS:  Speaking of constitutional amendment, Sean raised                
 something yesterday that we never voted on and that was whether the           
 constitutional amendment should address this -- the spending limit            
 -- should repeal the spending limit -- inoperative spending limit             
 or keep it on the books.  Did we ever vote on that?                           
                                                                               
 REPRESENTATIVE PARNELL:  The question was whether it was going to             
 be part of...                                                                 
                                                                               
 MR. ROGERS:  Ya.                                                              
                                                                               
 REPRESENTATIVE PARNELL:  ...the overall package or whether it was             
 going to be a separate -- you know, should be taken out anyway,               
 regardless of anything else.                                                  
                                                                               
 MR. GORSUCH:  Who knows, we may need it some day.                             
                                                                               
 MR. ROGERS:  Well, it does ensure that the spending won't exceed $6           
 billion this year.  And it's obviously effective because spending             
 isn't going to exceed.                                                        
                                                                               
 MS. NORDALE:  The (indisc.-coughing) is you should just leave it              
 alone.                                                                        
                                                                               
 MR. GORSUCH:  I don't think we want to....                                    
                                                                               
 MS. NORDALE:  It's not (indisc.-coughing) anybody - it just raises            
 a red flag.                                                                   
                                                                               
 MR. ROGERS:  Fine.                                                            
                                                                               
 SENATOR LINCOLN:  Mr. Chairman, I guess when I was reading this,              
 you know, the goals to look at the three year, five year, and a ten           
 year and we start out by saying the first three years and then the            
 next line says between now and the year 2000.  I think we should              
 have a three year and then say then the next -- the next five years           
 and giving that break and here's what it does, and then the ten               
 years, here's what it does so....                                             
                                                                               
 MR. ROGERS:  So, it would say the first three years, key elements             
 of the plan are and then say what it is in the first three years.             
                                                                               
 SENATOR LINCOLN:  Right.  And then to follow that with a five year            
 and then the ten year.                                                        
                                                                               
 MR. ROGERS:  And again, I think that the fork in the road after the           
 first three years is a -- is a good way of characterizing what the            
 choices are at that point and what the majority choice is at that             
 point.  But making it clear that there are still choices after year           
 -- after the first three years.  After this -- after this then we             
 would be adding the five year and the ten year; we would be adding            
 some of the general recommendations for budget cuts; adding a                 
 little bit of detail on the recommendation for revenue  - for tax             
 and user fee increases and when they come in; a section on the                
 budget process; on the recommendations affecting division of                  
 responsibilities between state and local government, we adopted a             
 series of those...                                                            
                                                                               
 UNIDENTIFIED SPEAKER (female):  Did we adopt them or...                       
                                                                               
 MR. ROGERS:  We adopted a series of bullets on....                            
                                                                               
 UNIDENTIFIED SPEAKER (male):  Recommendations for them to look at.            
                                                                               
 MR. ROGERS:  Things dealing, for example, with the oil and gas                
 property tax split between state and local, on the tier-three road,           
 public protection, a whole series of them.                                    
                                                                               
 MS. MCCONNELL:  And so you'd want that in this two-pager, you                 
 mean....                                                                      
                                                                               
 MR. ROGERS:  No, this would be -- it's been moved from the two-               
 pager (indisc.).                                                              
                                                                               
 MR. POURCHOT:  Have we left this or where are we?                             
                                                                               
 MR. ROGERS:  No, I was just trying to see what else is out there.             
                                                                               
 UNIDENTIFIED SPEAKER (female):  Gotcha.                                       
                                                                               
 MR. ROGERS:  Are there other concerns or suggestions for                      
 improvements to this?                                                         
                                                                               
 MR. POURCHOT:  I would separate revenues from reserves on this.  I            
 just think you've got enough reserves (indisc.) I think that's kind           
 of a separate section that actually has, you know, separate goals,            
 separate mechanics and the part about impose no new types of taxes,           
 actually there are new taxes that we are recommending now.                    
                                                                               
 MR. ROGERS:  Ya.                                                              
                                                                               
 UNIDENTIFIED SPEAKER (female):  Not for the first three years.                
                                                                               
 UNIDENTIFIED SPEAKER (male):  Tourism.                                        
                                                                               
 UNIDENTIFIED SPEAKER (male):  Tourism.                                        
                                                                               
 UNIDENTIFIED SPEAKER (female):  Oh, that's right we do have                   
 (indisc.).                                                                    
                                                                               
 UNIDENTIFIED SPEAKER (female):  This is from last night....                   
                                                                               
 UNIDENTIFIED SPEAKER (female):  That's right.                                 
                                                                               
 UNIDENTIFIED SPEAKER (male):  Would that be (indisc.).                        
                                                                               
 MR. ROGERS:  Then we have the pieces of other sections that will be           
 in here.  In the final will be pieces of the budget puzzle that               
 explain the relationship of general fund expenses to non-general              
 fund expenses and break the total spending of 5 1/2 billion down              
 into the categories and show how -- where there may be options that           
 would affect the budget gap and where in the majority of cases,               
 there are not options that affect the budget gap.                             
                                                                               
 MS. MCCONNELL:  I have here the version that Nancy faxed to me                
 yesterday of the different fund sources with the notes.  Would you            
 like that to still be in the appendix?  Something that goes out               
 (indisc.).                                                                    
                                                                               
 MR. ROGERS:  No, I don't think something that detailed ought to be            
 -- ought to go out with the report, but I think -- I think we may             
 want an index to supplemental information and we're going to want             
 to summarize that clearly; the public told us they want all those             
 pieces of the puzzle and I think the other summary - pieces of that           
 are more likely to be helpful in the report.                                  
                                                                               
 MS. MCCONNELL:  And this other thing I want  -- before it gets                
 passed out, I want to put 7,000 caveats on this.  This is a first             
 cut that Tamar DeFranco in Revenue did, to try to think of how to             
 visualize between the 6 billion dollar number and the 2.47 number             
 so people understood, it needs drastic editing as you'll see from             
 some things that are in here and the numbers are not yet -- they're           
 not final numbers, but it's to give you an idea of how you could              
 walk through it.  So, please take it with those 7,000 caveats.                
                                                                               
 MR. GORSUCH:  So, we need -- we need our short version, but we do             
 need some bullet on expenditure of other funds or....                         
                                                                               
 MR. ROGERS:  Yes.                                                             
                                                                               
 MS. MCCONNELL:  I've got (indisc.) breakdown....                              
                                                                               
 MR. ROGERS:  And the relationship of the expenditure of other funds           
 to the fiscal gap...                                                          
                                                                               
 MS. MCCONNELL:  Right now, it's under budget reforms (indisc.) all            
 state spending, not just general funds (indisc.).                             
                                                                               
 MR. GORSUCH:  Annalee, in addition, on the bottom of that page,               
 2000 and beyond, I don't know -- did we talk about the condition of           
 having a reconvening (indisc.-coughing) -- did we talk about annual           
 scorecard, or did that get lost.                                              
                                                                               
 MS. MCCONNELL:  I have that in budget reform - report annually to             
 the public on the progress toward closing the fiscal gap.  I could            
 put it in the text -- I could do it either way.                               
                                                                               
 MR. ROGERS:  I want to make sure -- you said the word reconvening             
 in 1999...                                                                    
                                                                               
 MR. GORSUCH:  Well, no -- I mean....                                          
                                                                               
 MR. ROGERS:  Convening a new commission in 1999.                              
                                                                               
 MS. MCCONNELL:  (Indisc.).                                                    
                                                                               
 MR. GORSUCH:  Thank you for the correction, Mr. Chair.                        
                                                                               
 MR. POURCHOT:  I don't see the part in here about the deposit of              
 the earnings reserve account.  We want to make sure we get that in.           
                                                                               
 MR. ROGERS:  Right.                                                           
                                                                               
 MS. MCCONNELL:  Ya, I just got started (indisc.) deposit to the               
 CBR.                                                                          
                                                                               
 MR. GORSUCH:  And our income tax figure goes under this discussion.           
                                                                               
 MR. ROGERS:  Under the 2000 and beyond?                                       
                                                                               
 MR. GORSUCH:  Yes.                                                            
                                                                               
 MR. ROGERS:  How many people by the way will need -- will want                
 copies of the endowment spreadsheet on disk?  One, two, three.                
                                                                               
 MS. BRADY:  Are you going to call (indisc.) and let him know?                 
                                                                               
 Note:  Indiscernible conversation.                                            
                                                                               
 CHAIRMAN ROGERS:  I've got a -- I've got a couple of minor                    
 adjustments to make (indisc.).                                                
                                                                               
 MR. ROGERS:  So, we'll just make sure everyone gets copies early              
 this week from the commission office of the spreadsheets.  Let                
 Melissa know whether you want it in IBM or MacIntosh format and               
 what version of software you're using.  We'll try to make it in the           
 version that you use -- the machine you use, but there are no                 
 guarantees.  Other issues on the summaries?  I'll be using a lot of           
 this model for the introductory remarks.  Anyone have anything else           
 they want to do today?                                                        
                                                                               
 SENATOR LINCOLN:  I have something I want to raise, Mr. Chairman.             
 The -- Annalee, the draft of the final report is -- it was -- had             
 it pieces of the budget puzzle versus parts of the gap, where or              
 what parts of this was going to be used?  Where does this fit?                
                                                                               
 MR. ROGERS:  Those parts that the drafting committee puts in to               
 what you see on the ninth which may be portions of that and will              
 probably exclude major portions of that.                                      
                                                                               
 SENATOR LINCOLN:  Okay, if we have concerns about portions of this,           
 we should contact you?                                                        
                                                                               
 MR. ROGERS:  Contact Melissa and I'll make -- and she can track               
 them and make note of them and get them to me.  That would probably           
 work best.                                                                    
                                                                               
 MR. LUDWIG:  Physically mark something up for you?                            
                                                                               
 MR. ROGERS:  Yes, that would be best.  Physically mark them and fax           
 them.  Further business to come before the commission?                        
                                                                               
 MS. BRADY:  I think we just did great.                                        
                                                                               
 MR. ROGERS:  I think that given the philosophic differences on the            
 commission, and there were seven Democrats and seven Republicans              
 and one Independent running a broad spectrum of the state, as I               
 noted last night, nearly five centuries of Alaska residency on the            
 commission, four of which have been spent meeting (indisc.) and I             
 think that everyone -- that what's here, while it did not achieve             
 consensus, that there are elements of thinking of every member of             
 the commission embodied in the plan and elements of thinking of               
 some of the key individuals who participated in the process.  And             
 I particularly want to note the participation of Roger Cremo,                 
 Cheryl Frasca and Byron Mallott, who each have contributed                    
 substantially to the -- to the work of the commission, and the                
 thinking of the commission and the report.  I think that we can be            
 proud of our public service to the state.  I hope that the report             
 has a positive impact on the public debate about how to fill the              
 gap and we'll recess until....                                                
                                                                               
 UNIDENTIFIED SPEAKER (male):  And the staff.                                  
                                                                               
 MR. ROGERS:  ....and the staff of the commission.  Bob Walsh is not           
 here today, because of his father's illness and he's been gone for            
 three days.  Melissa and Brad - their long hours supporting us.               
 With that, we'll recess until Wednesday night, the 11th.                      
                                                                               

Document Name Date/Time Subjects